v3.26.1
PREPAYMENTS AND OTHER CURRENT ASSETS
12 Months Ended
Dec. 31, 2025
PREPAYMENTS AND OTHER CURRENT ASSETS  
PREPAYMENTS AND OTHER CURRENT ASSETS

3. PREPAYMENTS AND OTHER CURRENT ASSETS

Prepayments and other current assets consisted of the following:

As of December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

US$

US$

Prepayments

 

269,075

 

310,966

Deposits (a)

 

1,778,413

 

1,320,313

Others

 

527,706

 

1,202,755

 

2,575,194

 

2,834,034

Note (a): The majority of the deposits represented the amounts that the Group paid to its CRO vendors for various outsourced research and development programs according to the terms of respective CRO agreements. The Group expects to recover the deposits if the programs fail or the agreements are cancelled.