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INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2022
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

7.INTANGIBLE ASSETS, NET

As of December 31,

    

2021

    

2022

Trademark (1)

$

14,983

$

15,100

Software

 

445

72

Total

 

15,428

15,172

Less: Accumulated amortization

 

(788)

(2,269)

Intangible assets, net

$

14,640

$

12,903

(1)The trademark was identified due to the reverse acquisition of KAH with Haitaoche on June 25, 2021. It has remaining useful life of 8.5 years as of December 31, 2022.

Amortization expense was $2, $785 and $1,531 for the years ended December 31, 2020, 2021 and 2022, respectively.