| 9. |
OTHER NON-CURRENT ASSETS |
Other non-current assets consisted of the following:
| | |
As of
December 31, | | |
As of
March 31, | |
| | |
2025 | | |
2026 | |
| | |
(Audited) | | |
(Unaudited) | |
| Other cloud infrastructure | |
$ | 19,039 | | |
$ | - | |
| Prepaid expense for cloud infrastructure support, net(1) | |
| 4,171 | | |
| 3,759 | |
| Securities margin(2) | |
| 4,141 | | |
| - | |
| Artificial intelligence platform under construction | |
| 2,270 | | |
| - | |
| Advances to employees(3) | |
| 1,200 | | |
| - | |
| Other non-current assets, net | |
$ | 30,821 | | |
$ | 3,759 | |
| (1) | For the year ended December 31, 2025, the Group paid RMB41.2 million (approximately $5.7 million) for cloud infrastructure support, which would be amortized over 3 years based on the service agreements. For the 3 months ended March 31, 2025 and 2026, amortization expense was nil and $468, respectively. |
| (2) | Securities
margin represented cash collateral provided under guarantee arrangements. The details of such arrangements and the related collateral
deposits are disclosed in Note 5. |
| (3) | Receivables
from third parties represented advances to employees for the Group’s daily operations. The details of such advances and related
reclassification are disclosed in Note 5. |
|