| PROPERTY, EQUIPMENT AND SOFTWARE, NET |
6. | PROPERTY, EQUIPMENT AND SOFTWARE, NET |
Property, equipment and software, net, consisted of the following: | | | | | | | As of | | As of | | | June 30, 2025 | | December 31, 2024 | | | US$ | | US$ | Buildings and facilities | | 8,455 | | 8,354 | Machinery and R&D equipment | | 28,419 | | 30,010 | Molds and tooling | | 142,032 | | 140,689 | Motor vehicles | | 41,701 | | 43,980 | Office and electronic equipment | | 28,206 | | 28,412 | Purchased software | | 73,955 | | 73,342 | Leasehold improvements | | 42,683 | | 47,467 | Property, equipment and software | | 365,451 | | 372,254 | Less: Accumulated depreciation | | (153,963) | | (122,905) | Less: Provision for impairment (note 2(d)) | | (47,168) | | — | | | 164,320 | | 249,349 | Construction in progress (i) | | 78,945 | | 67,098 | Property, equipment and software, net | | 243,265 | | 316,447 |
(i)Represents the capitalized expenditures on the construction of corporate buildings, leasehold improvements, molds, tooling and R&D equipment under construction. Depreciation expenses on property, equipment and software were allocated to the following expense items: | | | | | | | Six Months Ended June 30, | | | 2025 | | 2024 | | | US$ | | US$ | Cost of revenues | | 11,901 | | 13,628 | Research and development expenses | | 3,421 | | 2,457 | Selling and marketing expenses | | 7,334 | | 13,282 | General and administrative expenses | | 12,996 | | 9,919 | Total | | 35,652 | | 39,286 |
Property, equipment and software of US$244 and US$370 were pledged for other short-term financing arrangements (note 10) as of June 30, 2025 and December 31, 2024, respectively.
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