v3.26.3
Property, Plant and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET
7. PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment consisted of the following: 

 

    As of
December 31,		     As of
June 30,		  
    2025     2026  
          (Unaudited)  
Machinery and equipment   $ 6,608     $ 7,519  
Building improvement     6,582       6,885  
Land use rights     3,521       3,628  
Office equipment, furniture and fixtures     1,965       2,077  
Automobiles     486       521  
Total     19,162       20,630  
Less: accumulated depreciation     (11,303 )     (12,318 )
Property, plant and equipment, net   $ 7,859     $ 8,312  

 

Depreciation expense was $704 and $750 for the six months ended June 30, 2025 and 2026, respectively.

 

As of December 31, 2025 and June 30, 2026, land use rights owned by Jiangxi Yibo, a subsidiary of the Company, with carrying values of $2,361 and $2,390, respectively, were pledged to secure short-term loans and bank acceptance notes payable from Bank of China Xinyu Branch and Agricultural Bank of China Xinyu Branch.