v3.26.1
Accrued Expenses and Other Liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Accrued Expenses and Other Liabilities [Abstract]  
Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

 

   As of
December 31,
2025
   As of
December 31,
2024
 
Rental and freight logistics deposits received  $7,161   $6,160 
Payables for long-term assets   619    965 
Government subsidies   1,014    1,022 
Contract liabilities   1,379    1,629 
Consideration deposit received from a third party (a)   142    139 
Loans from third parties (b)   590    
-
 
Others   450    596 
Total  $11,355   $10,511 
Less: accrued expenses and other current liabilities   (10,099)   (7,673)
Other non-current liabilities  $1,256   $2,838 

 

(a)On September 2, 2024, the Company entered into a Memorandum of Understanding with a third party to sell 90% equity interest in Suzhou Shengfeng Logistics Co., Ltd. The Company have received consideration deposit of approximately $0.1 million (RMB1.0 million).

 

(b)The balances represented the working capital loans provided by third parties. Such loans were non-interest bearing and due on demand.