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Operating Lease | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Operating Leases | 6. OPERATING LEASE The Company leases its offices under non-cancelable operating lease agreements. These leases expire through 2025 and are renewable upon negotiation. The operating lease right-of-use assets and the operating lease liabilities as of December 31, 2021 and 2022 were as follows:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
|  | US$ |  |  | US$ |
Operating lease right-of-use assets |  |  | 857,474 |  |  |  | 1,950,364 |
Operating lease liabilities, current |  |  | 472,734 |  |  |  | 858,452 |
Operating lease liabilities, non-current |  |  | 195,596 |  |  |  | 744,612 |
Total operating lease liabilities |  |  | 668,330 |  |  |  | 1,603,064 |
Cash paid for amounts included in the measurement of operating lease liabilities for the year ended December 31, 2021 and 2022 was US$720,610 and US$1,075,939, respectively. The operating lease cost and short-term lease cost for the year ended December 31, 2021 and 2022 were as follows:
|  | For the Year Ended December 31, |
|  | 2021 |  |  | 2022 |
|  | US$ |  |  | US$ |
Operating lease cost |  |  | 971,854 |  |  |  | 908,008 |
Short-term lease cost |  |  | 425,129 |  |  |  | 1,032,818 |
Total lease cost |  |  | 1,396,983 |  |  |  | 1,940,826 |
The weighted average remaining lease term as of December 31, 2022 was 2.32 years, and the weighted average discount rate of the operating leases was 4.5%. Maturities of operating lease liabilities as of December 31, 2022 were as follows:
|  | December 31, 2022 |
|  | US$ |
2023 |  |  | 879,972 |
2024 |  |  | 718,770 |
2025 and thereafter |  |  | 84,292 |
Total undiscounted lease payments |  |  | 1,683,034 |
Less: imputed interest |  |  | (79,970 | )
Total operating lease liabilities |  |  | 1,603,064 |
As of December 31, 2021 and 2022, the Group had US$350,118 and US$234,841 of short-term lease commitments under non-cancellable operating leases, respectively.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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