v3.26.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment, Net [Abstract]  
Property and equipment, net

6. Property and equipment, net

 

Property and equipment, net consisted of the following:

 

   As of December 31, 
   2025   2024 
   In thousands of USD 
Buildings  $7,451   $15,977 
Furniture and equipment   844    685 
Motor vehicles   36    152 
Office improvements   1,882    1840 
Subtotal   10,213    18,654 
Less: accumulated depreciation   (3,170)   (4,961)
Property and equipment, net  $7,043   $13,693 

 

Depreciation expenses recognized in general and administrative expenses for the years ended December 31, 2025, 2024 and 2023 amounted to approximately $0.56 million, $0.69 million and $0.68 million, respectively.

 

The Company has no pledged property and equipment as of December 31, 2025 and 2024.

 

The Company did not recognize any impairment loss on property and equipment for the years ended December 31, 2025, 2024 and 2023.