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CASH AND CASH EQUIVALENTS
 12 Months Ended
Dec. 31, 2024
Cash and Cash Equivalents [Abstract]  
CASH AND CASH EQUIVALENTS

5. CASH AND CASH EQUIVALENTS

 

Cash and cash equivalents consist of the following:

 

   December 31,   December 31, 
   2024   2023 
    US$    US$ 
Cash (i)   21,921,476    15,120,483 
Cash equivalents (ii)   1,994,380    997,466 
Total  $23,915,856   $16,117,949 

 

(i)

As of December 31, 2024, the Company’s cash includes: 1) Cash in hand of $100,200; 2) Demand deposit of $18,980,205 in bank accounts; 3) Cash of $2,841,071 in the securities investment accounts and the Coinbase account.

 

As of December 31, 2023, the Company’s cash includes: 1) Cash in hand of $200; 2) Demand deposit of $14,072,019 in bank accounts; 3) Cash of $1,048,464 in the securities investment accounts and the Coinbase account.

   
(ii)

As of December 31, 2024, the Company’s cash equivalents were all certificates of deposits with a balance of $1,994,380 with a maturity date less than 3 months.

 

As of December 31, 2023, the Company’s cash equivalents were all U.S. Treasury Securities with a balance of $997,466 that can be traded at any time.