v3.25.2
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment, Net [Abstract]  
Property and equipment, net
6. Property and equipment, net

 

Property and equipment, net consisted of the following:

 

   As of
June 30,
2025		   As of
December 31,
2024		 
   In thousands of USD 
Buildings  $7,592   $15,977 
Furniture and equipment   552    685 
Motor vehicles   35    152 
Office improvements   1849    1840 
Subtotal   10,028    18,654 
Less: accumulated depreciation   (2,969)   (4,961)
Property and equipment, net  $7,059   $13,693 

 

Depreciation expenses for the six months ended June 30, 2025 and 2024 amounted to approximately $0.30 million and $0.36 million, respectively.

 

The Company did not recognize any impairment loss on property and equipment for the six months ended June 30, 2025 and year ended December 31, 2024.