Intangible Assets, Net |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INTANGIBLE ASSETS, NET |
The Company’s intangible assets with definite useful lives primarily consisted of land use rights and licensed software. The following table summarizes the components of acquired intangible asset balances.
As of December 31, 2025 and 2024, land use rights with net book value amounted to approximately $8.3 million and $8.3 million, respectively, were pledged for obtaining various of loans (See Note 10 Notes payables and Note 11 Bank loans).
Amortization expenses for the years ended December 31, 2025, 2024 and 2023, amounted to approximately $0.5 million, $0.7 million and $0.6 million, respectively.
The future amortization for the intangible assets is expected to be as follows:
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