v3.26.1
Deposits for Investment
12 Months Ended
Dec. 31, 2025
Deposits for Investment [Abstract]  
DEPOSITS FOR INVESTMENT
8. Deposits for investment

 

   As of
December 31,
2025
   As of
December 31,
2024
 
Fujian Yingfu Integrated Circuit Co., Ltd. (a)  $
-
   $1,600 
Xingqidian (b)   9,177    8,973 
Deposits for investment  $9,177   $10,573 

 

(a) The balance as of December 31, 2024 represented purchase deposit refundable from Fujian Yingfu Integrated Circuit Co., Ltd. The balance was fully collected on July 15, 2025.
   
(b) On June 11, 2024, for the purpose of acquiring a land use right to expand the Company’s logistic business, the Company signed 2024 MOU with two shareholders of Xingqidian to acquire 100% equity interest of Xingqidian, which owns land use right and constructed certain office and warehouse on such land use right. In accordance with 2024 MOU, the Company made prepayment of approximately $9.2 million (RMB64.5 million) by December 31, 2025 to secure the transaction. As of the date of this report, the share purchase transaction is not completed yet.