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Operating Leases

12 Months Ended

Dec. 31, 2025

7. Operating Leases

The Company entered into various operating lease agreements, office lease, which was started in July, 2025, operation lease in Marietta, U.S., which was started in April, 2023. The remaining lease terms ranges from 1.25 to 7.25 years. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The following table presents the operating lease related assets and liabilities recorded on the Company’s consolidated balance sheet.

	As of December 31, 2024		As of December 31, 2025
	US$		US$
Right-of-use assets, net		585		513
Impairment of right-of-use assets		—		—
Right-of-use assets, net		585		513
Operating lease liabilities – current		82		83
Operating lease liabilities – non-current		486		432
Total operating lease liabilities		568		515

For the years ended December 31, 2025 and 2024, the Company recorded short-term lease costs of $54 and $51 respectively. Cash paid for amounts included in the measurement of operating lease liabilities were $123 and $272 for the years ended December 31, 2025 and 2024, respectively. As of December 31, 2025, the weighted average remaining lease term was 6.9 years, and the weighted average discount rate was 4.6%.

The following table summarizes the maturity of operating lease liabilities as of December 31, 2025:

	Land&Plant lease		Office and other leases		Total
2026		75		29		104
2027		75		—		75
2028		80		—		80
2029		81		—		81
2030		81		—		81
Thereafter		182		—		182
Total		574		29		603
Less: imputed interest		88		—		88
Present value of lease liabilities	$	486	$	29	$	515