|
As of June 30, 2025, the Company had the following
non-cancellable lease contract.
| Description of the lease |
|
Lease term |
| Office premises |
|
3 to 5 years |
(a) Amount recognized in the consolidated balance sheet:
Operating lease right -of-use assets, net
was as follows as of June 30, 2025 and December 31, 2024:
| | |
As of
June 30,
2025 | | |
As of
December 31,
2024 | |
| | |
In thousands of USD | |
| Right-of-use assets | |
$ | 255 | | |
$ | 61 | |
| Lease liabilities, current | |
| 103 | | |
| 56 | |
| Lease liabilities, non-current | |
| 176 | | |
| 5 | |
| Total operating lease liabilities | |
$ | 279 | | |
$ | 61 | |
(b) A summary of lease cost recognized in the
Company’ unaudited condensed consolidated statements of income and comprehensive (loss) income is as follows:
| | |
For the
six months
ended
June 30,
2025 | | |
For the
six months
ended
June 30,
2024 | |
| | |
In thousands of USD | |
| Amortization of right-of-use assets | |
$ | 60 | | |
$ | 47 | |
| Interest of lease liabilities | |
$ | 16 | | |
$ | 2 | |
Maturity analysis of
operating lease liabilities of June 30, 2025 is as follows:
| Operating lease payment | |
In thousands
of USD | |
| Within one year | |
| 111 | |
| One to three years | |
| 184 | |
| Total future minimum lease payments | |
$ | 295 | |
| Less: imputed interest | |
| (16 | ) |
| Total | |
| 279 | |
|