PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2024

Property Equipment And Intangible Assets [Abstract]

PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET

4.PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET

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

	As of December 31,
	2023			2024
	US$			US$
Electronic Equipment		7,809,971			9,381,922
Office Equipment		873,192			858,548
Leasehold improvement		1,657,837			1,194,817
Software		1,379,299			1,721,485
Less: accumulated depreciation		(6,525,834	)		(8,976,373	)
Property and equipment, net		5,194,465			4,180,399
Licenses		10,004,563			10,004,563
Trademark		115,140			111,995
Trading right		128,026			128,259
Others		1,057,434			1,016,091
Less: accumulated amortization		(70,085	)		(82,779	)
Intangible assets, net		11,235,078			11,178,129
Total		16,429,543			15,358,528

Depreciation expenses for the years ended December 31, 2022, 2023 and 2024 were US$2,733,684, US$2,823,534 and US$2,609,682, respectively.

Amortization expenses for the years ended December 31, 2022, 2023 and 2024 were US$15,460, US$15,018 and US$14,608, respectively.

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

Years ending December 31,	Amortization for Intangible Assets
	US$
2025		14,608
2026		14,608
2027		—
2028		—
2029		—
Total		29,216