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Lease (Tables) | 12 Months Ended
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Dec. 31, 2024
Lessee Disclosure [Abstract] |
Schedule of balances reported in the consolidated balance sheets related to the Group's leases | The following table presents balances reported in the consolidated balance sheets related to the Group’s leases:
|  | For the years ended December 31, |
|  | 2023 |  |  | 2024 |
|  | US$ |  |  | US$ |
Operating lease right-of-use assets |  |  | 9,067,885 |  |  |  | 10,880,673 |
Operating lease liabilities |  |  | 8,911,017 |  |  |  | 10,056,251 |
Schedule of operating lease expenses and short-term lease expenses | The following table presents operating lease expenses and short-term lease expenses reported in the consolidated statements of comprehensive income (loss) related to the Group’s leases:
|  | For the years ended December 31, |
|  | 2023 |  |  | 2024 |
|  | US$ |  |  | US$ |
Operating lease expenses |  |  | 5,681,600 |  |  |  | 5,168,034 |
Short-term lease expenses |  |  | 655,847 |  |  |  | 520,775 |
Summary of supplemental information related to operating leases | A summary of supplemental information related to operating leases is as follows:
|  | For the years ended December 31, |
|  | 2023 |  |  | 2024 |
|  | US$ |  |  | US$ |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows used in operating leases |  |  | 6,357,265 |  |  |  | 6,319,923 |
Non-cash right-of-use assets in exchange for new lease obligations: |  |  |  |  |  |
Operating leases |  |  | 1,021,178 |  |  |  | 6,748,032 |
Weighted average remaining lease term: |  |  |  |  |  |
Operating leases |  | 4 years |  |  | 4 years |
Weighted average discount rate: |  |  |  |  |  |
Operating leases |  | 5.3% |  |  | 4.8% |
18. Lease (Continued) Operating leases (Continued)
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:
|  | 2024 |
|  | US$ |
Years ending December 31: |  |  |
2025 |  |  | 4,576,442 |
2026 |  |  | 3,958,840 |
2027 |  |  | 1,896,985 |
2028 |  |  | 325,244 |
2029 and after |  |  | — |
Total undiscounted operating lease payments |  |  | 10,757,511 |
Less: imputed interest |  |  | (701,260 | )
Present value of operating lease liabilities |  |  | 10,056,251 |

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- Definition Tabular disclosure of lessee operating leases balance sheet information. + References No definition available. + Details
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- Definition Tabular disclosure of supplemental information about operating leases. + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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