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RECEIVABLES FROM CUSTOMERS (Tables)
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Schedule of allowance for doubtful accounts

The table below presents the movement of allowance for doubtful accounts from customers for the six months ended June 30, 2023 and 2024.

 

 

 

For the six months ended June 30,

 

 

 

2023

 

 

2024

 

 

 

US$

 

 

US$

 

Balance as of January 1,

 

 

696,508

 

 

 

991,286

 

Additional/(Reversal)

 

 

156,331

 

 

 

13,878,954

 

Write-off

 

 

 

 

 

 

Balance as of June 30,

 

 

852,839

 

 

 

14,870,240