INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consisted of the following:

	June 30, 2024
	Gross Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount
	US$’000		US$’000			US$’000
	(Unaudited)		(Unaudited)			(Unaudited)
Finite-lived intangible assets:
Computer software		461		(443	)		18
Patent		203		(203	)		-
Total finite-lived intangible assets		664		(646	)		18
Indefinite-lived intangible assets:
Trademark and manufacturing license		124,446		-			124,446
Total indefinite-lived intangible assets		124,446		-			124,446
Total intangible assets		125,110		(646	)		124,464

	December 31, 2023
	Gross Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount
	US$’000		US$’000			US$’000
Finite-lived intangible assets:
Computer software		472		(439	)		33
Patent		208		(208	)		-
Total finite-lived intangible assets		680		(647	)		33
Indefinite-lived intangible assets:
Trademark and manufacturing license		127,378		-			127,378
Total indefinite-lived intangible assets		127,378		-			127,378
Total intangible assets		128,058		(647	)		127,411

SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE INTANGIBLE ASSETS

As of June 30, 2024, the estimated amortization expense relating to the existing intangible assets with finite lives for future periods is as follows:

	US$’000
	(Unaudited)
Six months ending December 31, 2024		15
2025 and thereafter		4
Total		19