v3.26.1
Accrued Expenses and Other Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Accrued Expenses and Other Liabilities [Abstract]  
Schedule of Accrued Expenses And Other Liabilities

Accrued expenses and other liabilities consisted of the following: 

 

  

As of

June 30,

  

As of

December 31,

 
   2026   2025 
   (Unaudited)     
Accrued delivery service fees (i)  $

7,051

   $
-
 
Payroll payable   3,014    2,899 
Output VAT   4,030    587 
Amount due to a third party (ii)   3,557    4,355 
Accrued expense   1,135    1,363 
Others   247    33 
Total  $19,034   $9,237 

 

(i)Accrued delivery service fees primarily represent accrued amounts payable to contracted freelancers for delivery services rendered in connection with the Group’s operational management and delivery service solutions.

 

(ii)Amount due to a third party represents amounts payable by the Group to ICONIQ. Upon the completed disposal of ICONIQ in February 2026, which met the criteria to be reported as discontinued operations in accordance with ASC 205-20 (Note 4). Accordingly, the comparative information has been recast to separately present continuing and discounting operations. The balance of $4,355 thousand as of December 31, 2025 represents the amount between the Group’s continuing operations and ICONIQ that remained outstanding following the disposal and became payable to ICONIQ as an external party.