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PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2023
Property Equipment And Intangible Assets [Abstract]  
Summary of property, equipment and intangible assets, net

Property, equipment and intangible assets, net, consisted of the following:

 

As of December 31,

 

 

2022

 

 

2023

 

 

US$

 

 

US$

 

Electronic Equipment

 

 

6,897,897

 

 

 

7,809,971

 

Office Equipment

 

 

798,279

 

 

 

873,192

 

Leasehold improvement

 

 

1,748,345

 

 

 

1,657,837

 

Software

 

 

1,346,872

 

 

 

1,379,299

 

Less: accumulated depreciation

 

 

(4,481,910

)

 

 

(6,525,834

)

Property and equipment, net

 

 

6,309,483

 

 

 

5,194,465

 

Licenses

 

 

10,004,563

 

 

 

10,004,563

 

Trademark

 

 

118,524

 

 

 

115,140

 

Trading right

 

 

128,180

 

 

 

128,026

 

Others

 

 

 

 

 

1,057,434

 

Less: accumulated amortization

 

 

(56,685

)

 

 

(70,085

)

Intangible assets, net

 

 

10,194,582

 

 

 

11,235,078

 

Total

 

 

16,504,065

 

 

 

16,429,543

 

Summary of Estimated Amortization Expenses for Intangible Assets

The estimated amortization expenses for the above intangible assets for future years are as follows:

Years ending December 31,

 

Amortization for Intangible Assets

 

 

 

US$

 

2024

 

 

15,018

 

2025

 

 

15,018

 

2026

 

 

15,018

 

2027

 

 

2028

 

 

Total

 

 

45,054