CASH AND RESTRICTED CASH |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and Cash Equivalents [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
CASH AND RESTRICTED CASH | 4. CASH AND RESTRICTED CASH
A reconciliation of cash and restricted cash in the consolidated balance sheets to the amounts in the consolidated statement of cash flows is as follows:
The balances of restricted cash were mainly related to bank deposits for performance guarantee, which were restricted for use as of December 31, 2023 and 2024, and will be released from restriction within the next 12 months.
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