| Leases |
13. Leases The Group has entered into various non-cancellable operating and finance lease agreements for certain offices, warehouses, retail and service locations, equipment and vehicles worldwide. The Group determines if an arrangement is a lease, or contains a lease, at inception and record the leases in the financial statements upon lease commencement, which is the date when the underlying asset is made available for use by the lessor. The balances for the operating and finance leases where the Group is the lessee are presented as follows within the consolidated balance sheet: | | | | | | | December 31, | | June 30, | | | 2024 | | 2025 | | | | | (Unaudited) | Operating leases: | | | | | Right-of-use assets - operating lease | | 12,797,158 | | 12,958,244 | Current portion of operating lease liabilities | | 1,945,987 | | 2,644,228 | Non-current operating lease liabilities | | 11,260,735 | | 11,110,807 | Total operating lease liabilities | | 13,206,722 | | 13,755,035 | Finance leases: | | | | | Right-of-use assets - finance lease | | 63,635 | | 2,518,443 | Current portion of finance lease liabilities | | 13,498 | | 155,380 | Non-current finance lease liabilities | | 35,145 | | 1,709,800 | Total finance lease liabilities | | 48,643 | | 1,865,180 |
Supplemental cash flow information related to leases where we are the lessee is as follows: | | | | | | | Six Months Ended June 30, | | | 2024 | | 2025 | | | (Unaudited) | | (Unaudited) | Operating cash outflows from operating leases | | 1,089,512 | | 888,543 | Operating cash outflows from finance leases (interest payments) | | 1,222 | | 1,782 | Financing cash outflows from finance leases | | 11,586 | | 13,653 | Right-of-use assets obtained in exchange for lease liabilities | | 1,201,985 | | 2,973,052 |
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