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PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)
12 Months Ended
Dec. 31, 2021
Prepaid Expense And Other Assets Current [Abstract]  
Summary of prepaid expenses and other assets

 

 

 

As of December 31,

 

 

 

2020

 

 

2021

 

 

 

US$

 

 

US$

 

IPO distribution service and promotional and advertisement service receivables

 

 

5,360,831

 

 

 

3,588,851

 

Prepaid data and IT service expenses

 

 

1,315,469

 

 

 

2,226,216

 

Prepaid income taxes

 

 

 

 

 

1,978,308

 

Rental and other deposits

 

 

391,625

 

 

 

1,885,272

 

Advances to employees

 

 

825,682

 

 

 

1,458,582

 

Prepaid professional service fees

 

 

998,235

 

 

 

1,225,020

 

Prepaid marketing expenses

 

 

402,724

 

 

 

1,073,965

 

Wealth management service fees receivables

 

 

 

 

 

727,209

 

Input VAT receivables

 

 

1,174,934

 

 

 

529,985

 

Interest receivables from term deposits

 

 

429,454

 

 

 

117,392

 

Others

 

 

315,476

 

 

 

1,240,823

 

Total

 

 

11,214,430

 

 

 

16,051,623