9. Leases
As of December 31, 2025, the Company had
the following non-cancellable lease contract.
| Description
of the lease |
|
Lease
term |
| Office premises |
|
2 to 5 years |
| (a) | Amount recognized in the consolidated balance sheet: |
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| | |
In thousands of USD | |
| Right-of-use assets | |
$ | 554 | | |
$ | 61 | |
| | |
| | | |
| | |
| Lease liabilities, current | |
| 211 | | |
| 56 | |
| Lease liabilities, non-current | |
| 343 | | |
| 5 | |
| Total operating lease liabilities | |
$ | 554 | | |
$ | 61 | |
| (b) | A summary of lease cost recognized in the Company’ consolidated statements of operations and comprehensive (loss) income is as follows: |
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| | |
In thousands of USD | |
| Amortization of right-of-use assets | |
$ | 122 | | |
$ | 121 | |
| Interest of lease liabilities | |
$ | 8 | | |
$ | 5 | |
Maturity analysis of
operating lease liability as of December 31, 2025 is as follows:
| Operating lease payment | |
In thousands of USD | |
| Within one year | |
| 227 | |
| One to three years | |
| 326 | |
| Three to five years | |
| 29 | |
| Total future minimum lease payments | |
$ | 582 | |
| Less: imputed interest | |
| (28 | ) |
| Total | |
| 554 | |
|