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PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET | 12 Months Ended
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Dec. 31, 2024
Property Equipment And Intangible Assets [Abstract] |
PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET | 4. PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET Property, equipment and intangible assets, net, consisted of the following:
|  | As of December 31, |
|  | 2023 |  |  | 2024 |
|  | US$ |  |  | US$ |
Electronic Equipment |  |  | 7,809,971 |  |  |  | 9,381,922 |
Office Equipment |  |  | 873,192 |  |  |  | 858,548 |
Leasehold improvement |  |  | 1,657,837 |  |  |  | 1,194,817 |
Software |  |  | 1,379,299 |  |  |  | 1,721,485 |
Less: accumulated depreciation |  |  | (6,525,834 | ) |  |  | (8,976,373 | )
Property and equipment, net |  |  | 5,194,465 |  |  |  | 4,180,399 |
Licenses |  |  | 10,004,563 |  |  |  | 10,004,563 |
Trademark |  |  | 115,140 |  |  |  | 111,995 |
Trading right |  |  | 128,026 |  |  |  | 128,259 |
Others |  |  | 1,057,434 |  |  |  | 1,016,091 |
Less: accumulated amortization |  |  | (70,085 | ) |  |  | (82,779 | )
Intangible assets, net |  |  | 11,235,078 |  |  |  | 11,178,129 |
Total |  |  | 16,429,543 |  |  |  | 15,358,528 |
Depreciation expenses for the years ended December 31, 2022, 2023 and 2024 were US$2,733,684, US$2,823,534 and US$2,609,682, respectively. Amortization expenses for the years ended December 31, 2022, 2023 and 2024 were US$15,460, US$15,018 and US$14,608, respectively. The estimated amortization expenses for the above intangible assets for future years are as follows:
Years ending December 31, |  | Amortization for Intangible Assets |
|  | US$ |
2025 |  |  | 14,608 |
2026 |  |  | 14,608 |
2027 |  |  | — |
2028 |  |  | — |
2029 |  |  | — |
Total |  |  | 29,216 |

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- Definition The entire disclosure for intangible assets and long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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