REAL ESTATE PROPERTIES FOR LEASE, NET

12 Months Ended

Dec. 31, 2024

Real Estate [Abstract]

REAL ESTATE PROPERTIES FOR LEASE, NET

9. REAL ESTATE PROPERTIES FOR LEASE, NET

Real estate properties for lease, net consisted of the followings:

	As of December 31,
	2023			2024
Plant	$	2,294,868		$	65,826
Land use right		293,199			8,410
Less: accumulated depreciation and amortization		(349,490	)		(13,328	)
Total real estate property for lease, net	$	2,238,577		$	60,908

Depreciation expense of the plant were US$116,985, US$107,721 and US$3,180 for the years ended December 31, 2022, 2023 and 2024, respectively. Amortization expense of land use right were US$6,753, US$5,878 and US$171 for the years ended December 31,2022, 2023 and 2024, respectively.

As of December 31, 2024, minimum future real estate lease income on non-cancelable leases subsequent to December 31, 2024, in the aggregate and foreach of the five succeeding fiscal years and thereafter, are as follows:

For the fiscal years ended December 31,	Amount
2025		6,120
2026 and thereafter		5,355
Total	$	11,475