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Leases
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Leases [Abstract]    
LEASES

10. LEASES

 

The Group has entered into operating lease agreements for certain offices, which are substantially located in PRC. The Group determines if an arrangement is a lease, or contains a lease, at inception and record the leases in the consolidated financial statements upon lease commencement, which is the date when the lessor makes the underlying asset available for use by the lessee.

 

The balances for the operating leases where the Group is the lessee are presented as follows within the unaudited condensed consolidated balance sheets:

 

   December 31,   June 30, 
   2022   2023 
Operating lease right-of-use assets, net  $344   $1,514 
           
Lease liabilities - current   315    624 
Lease liabilities – non-current   
-
    796 
Total operating lease liabilities  $315    1,420 

 

The components of lease expenses were as follows:

 

   For the Six Months Ended
June 30,		 
   2022   2023 
Lease cost          
Amortization of right-of-use assets  $619   $350 
Interest of operating lease liabilities   29    9 
Balance at the end of the period  $648   $359 

 

Other information related to leases where the Group is the lessee is as follows:

 

   December 31,   June 30, 
   2022   2023 
Weighted-average remaining lease term  $0.61   $0.64 
Weighted-average discount rate   4.30%   4.30%

 

As of June 30, 2023, the following is a schedule of future minimum payments under the Group’s operating leases:

 

For the year ended June 30,  Operating
Leases		 
Remainder of 2023  $319 
2024   687 
2025   478 
2026   2 
Total lease payments   1,486 
Less: imputed interest   (66)
Total  $1,420 
11. LEASES

 

The Group has entered into operating lease agreements for certain offices, which are substantially located in PRC. The Group determines if an arrangement is a lease, or contains a lease, at inception and record the leases in the consolidated financial statements upon lease commencement, which is the date when the lessor makes the underlying asset available for use by the lessee.

 

The balances for the operating leases where the Group is the lessee are presented as follows within the consolidated balance sheets:

 

   December 31, 
   2022 
   　 
Operating lease right-of-use assets, net  $344 
      
Lease liabilities - current  $315 
Lease liabilities – non-current   
-
 
Total operating lease liabilities  $315 

 

The components of lease expenses were as follows:

 

   Year ended
December 31,		 
   2022 
Lease cost  　 
Amortization of right-of-use assets  $619 
Interest of operating lease liabilities   29 
Total Lease cost  $648 

 

Other information related to leases where the Group is the lessee is as follows:

 

   December 31, 
   2022 
    　 
Weighted-average remaining lease term   0.61 
Weighted-average discount rate   4.30%

 

As of December 31, 2022, the following is a schedule of future minimum payments under the Group’s operating leases:

 

For the year ended December 31,  Operating
Leases		 
2023  $348 
Total lease payments   348 
Less: imputed interest   (33)
Total  $315