Operating Expenses

6 Months Ended

Jun. 30, 2026

8	OPERATING EXPENSES

For the periods ended June 30, 2026 and 2025, expenses comprised of the following:

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Cost of revenues		4,686,379		3,563,660		9,013,739		7,367,528
General and administrative expenses		7,397,955		5,496,617		14,883,003		12,184,292
Selling and marketing expenses		2,147,081		1,818,984		4,190,137		3,067,288
Research and development expenses		907,971		479,810		1,924,463		1,111,242
Total		15,139,386		11,359,071		30,011,342		23,730,350

For the periods ended June 30, 2026 and 2025, cost of revenues comprised of the following:

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Personnel expenses		1,528,101		1,367,030		2,909,754		2,843,652
Rental vehicle maintenance and repair expense		445,067		270,212		766,111		466,647
Data cost expenses		878,639		408,369		1,670,995		767,983
Depreciation and amortization expense		522,201		705,151		1,215,817		1,596,492
Operating lease expense		263,061		344,773		526,516		656,362
Commission expenses		531,522		150,365		939,318		286,128
Other		517,788		317,760		985,228		750,264
Total		4,686,379		3,563,660		9,013,739		7,367,528

For the periods ended June 30, 2026 and 2025, general and administrative expenses comprised of the following:

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Personnel expenses (*)		5,287,599		3,687,659		10,271,564		8,582,640
Consulting and legal expenses		927,554		878,242		2,311,430		1,783,094
Office expenses		297,917		181,382		532,069		365,900
Depreciation and amortization expense		115,705		101,089		276,168		199,074
Travelling expenses		53,338		76,138		160,303		126,420
Other		715,842		572,107		1,331,469		1,127,164
Total		7,397,955		5,496,617		14,883,003		12,184,292

(*)	The amount includes share-based compensation expense of US$4,625,921 for the six months ended June 30, 2026 (2025: US$4,730,277) and US$2,403,999 for the three months ended June 30, 2026 (2025: US$1,588,188), relating to various share awards granted to employees and non-employees.

For the periods ended June 30, 2026 and 2025, selling and marketing expenses comprised of the following:

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Social media expense		911,225		1,189,371		1,886,131		1,974,516
Advertising consulting expense		862,243		495,153		1,493,648		815,764
Promotion expense		16,936		52,488		28,246		86,554
Other		356,677		81,972		782,112		190,454
Total		2,147,081		1,818,984		4,190,137		3,067,288