v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of estimated useful lives of property and equipment

  ​ ​ ​

Useful lives

Furniture, fixtures and office equipment

1 - 5 years

Leasehold improvements

 

Lesser of the lease term or estimated useful life of the assets

Vehicles

 

4 - 10 years

IT equipment

 

1 - 3 years

Schedule of estimated useful lives of identifiable intangible assets

  ​ ​ ​

Useful lives

Domain name / Trade name

 

Indefinite life

Technology platform

 

1 year

Customer base

4.3 years

Technology

3-5 years

Members

 

4 years

Branding

10 years

Schedule of changes in contract liabilities

Years ended December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

Contract liabilities as of January 1

$

11,201

 

$

6,625

Cash received in advance, net of VAT

236,087

 

190,902

Revenue recognized from opening balance of contract liabilities

(11,201)

 

(6,625)

Revenue recognized from contract liabilities arising during current year

(229,462)

 

(181,980)

Contract liabilities as of December 31

$

6,625

 

$

8,922

Schedule of fair value hierarchy for the assets

Fair value measurement

at December 31, 2024 using

  ​ ​ ​

  ​ ​ ​

Quoted prices in

  ​ ​ ​

Significant

  ​ ​ ​

Significant

  ​ ​ ​

Carrying Value at

active markets

observable

unobservable

Total losses

December 31, 2024

(Level 1)

inputs (Level 2)

inputs (Level 3)

for the year

Non-recurring fair value measurements for:

  ​

  ​

  ​

  ​

  ​

Long-term investments

$

73

$

$

$

73

$

Fair value measurement

at December 31, 2025 using

Quoted prices in

Significant

Significant

Carrying Value at

active markets

observable

unobservable

Total losses

  ​ ​ ​

December 31, 2025

  ​ ​ ​

(Level 1)

  ​ ​ ​

inputs (Level 2)

  ​ ​ ​

inputs (Level 3)

  ​ ​ ​

for the year

Non-recurring fair value measurements for:

  ​

  ​

  ​

  ​

  ​

Long-term investments

$

77

$

$

$

77

$