XML 56 R11.htm IDEA: XBRL DOCUMENT

PREPAYMENTS AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2022

PREPAYMENTS AND OTHER CURRENT ASSETS

4. PREPAYMENTS AND OTHER CURRENT ASSETS

Prepayments and other current assets consisted of the following:


	As of December 31,
	2021	2022
	US$	US$
Prepayments	1,562,177	1,161,910
Deposits (a)	1,873,843	2,970,421
Others	619,901	804,992
	4,055,921	4,937,323

Note (a): The deposits represented the amounts that the Group paid to its CRO vendors for various outsourced research and development programs according to the terms of respective CRO agreements. The Group expects to recover the deposits if the programs fail or the agreements are cancelled.