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LEASE | 9. LEASE The right-of-use assets and the amortization were summarized as follows:
Impairment losses of nil, nil, and US$12,854 were recognized for the years ended December 31, 2021, 2022, and 2023, respectively. A summary of supplemental information related to operating leases as of December 31, 2022 and 2023 is as follows:
9. LEASE (continued) Operating lease expense was allocated to the following expense items:
The weighted average remaining lease term excluding land use right as of December 31, 2023 was 1.59 years, and the weighted average discount rate of the operating leases was 6%. The cash paid for amounts included in the measurement of operating lease liabilities was US$2,647, US$1,686, and US$1,241 for the years ended December 31, 2021, 2022, and 2023, respectively. Maturities of the lease liabilities as of December 31, 2023 were as follows:
In addition, amortization expense related to land use rights amounted to US$910, US$874 and US$834 for the years ended December 31, 2021, 2022 and 2023, and were included in the consolidated statements of comprehensive income (loss). |