Property and equipment consisted of the following: | | | | | | | As of December 31, | | | 2022 | | 2023 | | | US$ | | US$ | Buildings | | 736,515 | | 726,263 | Office equipment | | 18,976 | | 17,530 | Motor vehicles | | 1,488 | | 1,313 | Leasehold improvement | | 17,701 | | 16,890 | Land | | 50,731 | | 50,731 | Subtotal | | 825,411 | | 812,727 | Less: accumulated depreciation | | (213,329) | | (229,831) | Construction in progress | | 23,371 | | 24,090 | | | 635,453 | | 606,986 | Less: accumulated impairment | | — | | (137,626) | | | 635,453 | | 469,360 |
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