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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2025
PROPERTY AND EQUIPMENT, NET |
PROPERTY AND EQUIPMENT, NET | 4. PROPERTY AND EQUIPMENT, NET ​ The components of property and equipment are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | ​ | ​ | ​ | ​ | ​
Leasehold improvements | ​ | $ | 1,195 | ​ | $ | 565
Furniture, fixtures and office equipment | ​ |  | 3,350 | ​ |  | 3,438
IT equipment | ​ |  | 2,454 | ​ |  | 2,535
Vehicles | ​ | ​ | 1,705 | ​ | ​ | 1,630
Construction-in-process | ​ | ​ | 214 | ​ | ​ | 235
Property and equipment, gross | ​ |  | 8,918 | ​ |  | 8,403
Less: Accumulated depreciation | ​ |  | (6,733) | ​ |  | (7,090)
Property and equipment, net | ​ | $ | 2,185 | ​ | $ | 1,313
​ Depreciation expenses incurred for the years ended December 31, 2023, 2024 and 2025 were $1,280, $1,419 and $944, respectively.

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