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Operating Lease (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Operating Lease Right-of-use Assets and Operating Lease Liabilities

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

 

 

Summary of Operating Lease Cost and Short-term Lease Cost

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

 

 

Summary of Maturities of Operating Lease Liabilities

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