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PREPAID EXPENSES AND OTHER CURRENT ASSETS
6 Months Ended
Jun. 30, 2024
Prepaid Expense and Other Assets, Current [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS
4.
PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other currents assets consisted of the following:

 

As of December 31,

 

 

As of June 30,

 

 

2023

 

 

2024

 

 

US$

 

 

US$

 

IPO distribution service and promotional and advertisement service receivables

 

 

2,707,740

 

 

 

4,938,279

 

Advances to employees

 

 

2,190,106

 

 

 

2,591,247

 

Prepaid data and IT service expenses

 

 

2,741,338

 

 

 

2,384,865

 

Prepaid marketing expenses

 

 

552,565

 

 

 

2,180,017

 

Wealth management service fees receivables

 

 

1,823,331

 

 

 

1,976,440

 

Prepaid professional service fees

 

 

1,008,341

 

 

 

690,746

 

Input VAT receivables

 

 

569,813

 

 

 

872,093

 

Rental and other deposits

 

 

611,140

 

 

 

817,463

 

Interest receivables from term deposits

 

 

611,083

 

 

 

206,697

 

Prepaid income tax

 

 

2,178,658

 

 

 

150,632

 

Others

 

 

2,942,065

 

 

 

961,499

 

Total

 

 

17,936,180

 

 

 

17,769,978