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CASH AND CASH EQUIVALENTS
 6 Months Ended
Jun. 30, 2025
Cash and Cash Equivalents [Abstract]  
CASH AND CASH EQUIVALENTS

4. CASH AND CASH EQUIVALENTS

 

Cash and cash equivalents consist of the following:

  

   June 30,   December 31, 
   2025   2024 
   US$   US$ 
Cash (i)   11,083,033    21,921,476 
Cash equivalents (ii)   14,076,000    1,994,380 
Total   25,159,033    23,915,856 

 

(i)

As of June 30, 2025, the Company’s cash includes: 1) Cash in hand of $100,200; 2) Demand deposit of $8,088,655 in bank accounts; and 3) Cash in the securities investment accounts and the Coinbase account of $2,894,178.

 

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; and 3) Cash in the securities investment accounts and the Coinbase account of $2,841,071.

   
(ii)

As of June 30, 2025, the Company’s cash equivalents are Certificates of Deposits and Time Deposits of $14,076,000 with original maturities of three months or less.

 

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.