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BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2022

BORROWINGS

Schedule of borrowings

​

​	​	​	​	​
​	​	As of December 31,
​		2021		2022
​	​	US$	​	US$
Current	​	​		​
Short-term borrowings:	​	​		​
Bank loans	​	3,121,226		10,768,745
Current portion of long-term borrowings	​	1,376,319		2,850,128
Total current borrowings	​	4,497,545		13,618,873
Non-Current	​	​		​
Long-term borrowings:	​	​		​
Bank loans	​	2,991,829		14,146,541
Total non-current borrowings	​	2,991,829		14,146,541
Total borrowings	​	7,489,374		27,765,414

​

Schedule of future maturities of short-term borrowings and long-term borrowings

Future principal maturities of short-term borrowings and long-term borrowings as of December 31, 2021 and 2022 were as follows:

​

​	​	​	​	​
​	​	As of December 31,
​	​	2021	​	2022
​		US$		US$
2022	​	4,497,545	​	—
2023	​	1,858,619	​	13,618,873
2024	​	1,133,210	​	4,124,429
2025	​	—	​	10,022,112
​	​	7,489,374	​	27,765,414

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