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Lease (Tables)
12 Months Ended
Dec. 31, 2020
Lease  
Schedule of balances reported in the consolidated balance sheets related to the Group's leases

For the years ended December 31,

    

2019

    

2020

US$

US$

Operating lease right-of-use assets

 

5,732,559

 

7,280,763

Operating lease liabilities

 

5,841,658

 

7,207,293

Schedule of operating lease expenses and short-term lease expenses

For the years ended December 31,

    

2019

    

2020

US$

US$

Operating lease expenses

 

2,313,802

 

2,985,665

Short-term lease expenses

 

378,830

 

508,791

Summary of supplemental information related to operating leases

    

For the years ended December 31,

 

2019

    

2020

 

US$

US$

 

Cash paid for amounts included in the measurement of lease liabilities:

 

Operating cash flows used in operating leases

 

2,389,515

3,422,191

Non-cash right-of-use assets in exchange for new lease obligations:

Operating leases

5,050,642

4,281,660

Weighted average remaining lease term:

Operating leases

4 years

3 years

Weighted average discount rate:

Operating leases

6.0

%

5.3

%

Summary of maturity analysis of the annual undiscounted cash flows

The following is a maturity analysis of the annual undiscounted cash flows for the annual periods ended December 31:

As of December 31, 2020

    

US$

Years ending December 31:

2021

3,524,553

2022

2,365,766

2023

717,715

2024

510,648

2025

144,305

2026 and after

484,253

Total undiscounted operating lease payments

7,747,240

Less: imputed interest

539,947

Present value of operating lease liabilities

7,207,293

    

As of December 31, 2019

US$

Years ending December 31:

 

  

2020

 

2,672,568

2021

 

1,380,725

2022

 

867,840

2023

578,422

2024

488,389

2025 and after

561,804

Total undiscounted operating lease payments

6,549,748

Less: imputed interest

708,090

Present value of operating lease liabilities

 

5,841,658