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PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2024
Property Equipment And Intangible Assets [Abstract]  
Summary of 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

 

Summary of Estimated Amortization Expenses for Intangible Assets

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