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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of allowance for doubtful accounts

The table below presents the movement of allowance for doubtful accounts from customers for the year ended December 31, 2023 and 2024.

 

 

2023

 

 

2024

 

 

 

US$

 

 

US$

 

Balance as of January 1,

 

 

696,508

 

 

 

991,286

 

Additional/(Reversal)

 

 

294,778

 

 

 

14,292,716

 

Write-off

 

 

 

 

 

 

Balance as of December 31,

 

 

991,286

 

 

 

15,284,002

 

Schedule of estimated useful lives of property, plant and equipment Depreciation is calculated on a straight‑line basis over the following estimated useful lives:

Electronic equipment

 

3 years

Office equipment

 

5-14.25 years

Software

 

3-5 years

Leasehold improvement

 

Shorter of the lease terms or the estimated useful lives of the assets