v3.26.1
Intangible Assets, Net
 12 Months Ended
Dec. 31, 2025
Intangible Assets, Net [Abstract]  
INTANGIBLE ASSETS, NET
8.INTANGIBLE ASSETS, NET

 

Intangible assets, net, consisted of the following:

 

   As of December 31, 
   2024   2025 
Finite-lived intangible assets        
Software  $67,925   $76,621 
Less: accumulated amortization   (36,935)   (64,578)
Subtotal   30,990    12,043 
           
Indefinite-lived intangible assets          
Trademark and trade name   167,804    184,911 
Subtotal   167,804    184,911 
Total intangible assets, net  $198,794   $196,954 

 

The Group recorded amortization expenses of finite-lived intangible assets of US$14,059, US$20,719 and US$22,623 for the years ended December 31, 2023, 2024 and 2025, respectively.

 

Based on the results of the Group’s annual impairment assessment on indefinite-lived intangible asset performed as of December 31, 2024 and 2025, the Group did not identify any events or changes in circumstances indicate that it is more likely than not that the asset is impaired. In consideration of the growing catering industry in Southeast Asia, the stable macroeconomic conditions in Malaysia, and the Group’s future development plans, the Group determined that it is not likely that the brand name of “Zi Wei Yuan” was impaired as of December 31, 2024 and 2025, respectively. As such, no impairment of indefinite-lived intangible assets was recognized for the years ended December 31, 2023, 2024 and 2025.