| PROPERTY, EQUIPMENT AND SOFTWARE, NET |
6. | PROPERTY, EQUIPMENT AND SOFTWARE, NET |
Property, equipment and software, net, consisted of the following: | | | | | | | As of June 30, | | As of December 31, | | | 2026 | | 2025 | | | US$ | | US$ | Buildings and facilities | | 1,400 | | 22,617 | Machinery and R&D equipment | | 12,493 | | 21,361 | Molds and tooling | | 135,665 | | 124,378 | Motor vehicles | | 24,152 | | 23,222 | Office and electronic equipment | | 25,851 | | 29,045 | Purchased software | | 65,431 | | 64,321 | Leasehold improvements | | 29,160 | | 31,201 | Property, equipment and software | | 294,152 | | 316,145 | Less: Accumulated depreciation | | (176,455) | | (156,686) | Construction in progress (i) | | 59,903 | | 67,432 | Property, equipment and software, net | | 177,600 | | 226,891 |
(i)Represents the capitalized expenditures on the construction of corporate buildings, leasehold improvements, molds, tooling and R&D equipment under construction. Depreciation expenses on property, equipment and software were allocated to the following expense items: | | | | | | | Six Months Ended June 30, | | | 2026 | | 2025 | | | US$ | | US$ | Cost of revenues | | 10,024 | | 11,901 | Research and development expenses | | 3,600 | | 3,421 | Selling and marketing expenses | | 5,171 | | 7,334 | General and administrative expenses | | 8,124 | | 12,996 | Total | | 26,919 | | 35,652 |
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