v3.26.3
Lease
 12 Months Ended
Dec. 31, 2025
Lease  
Lease
10.Lease

 

Leases are classified as operating leases or finance leases in accordance with ASC 842. The Group’s operating leases mainly related to business premises. Certain leases include rental escalation clauses, renewal options and/or termination options, which are factored into the Group’s determination of lease payments when appropriate.

 

Short-term leases include office leases with a term of 12 months or less. Both operating lease expenses and short-term lease expenses were recognized in general and administrative expenses for the years ended December 31, 2024 and 2025, total lease expenses were presented as follows:

 

       
   For the years ended December 31, 
   2024   2025 
   US$   US$ 
Operating leases expense   -    10,942 
Short-term lease expense   -    3,079 
Total   -    14,021 

 

The balances for the operating leases where the Group is the lessee were presented as follows:

 

       
   As of December 31, 
   2024   2025 
   US$   US$ 
Operating lease right-of-use assets   -    41,787 
           
Operating lease liabilities, current   -    25,787 
Operating lease liabilities, non-current   -    15,909 
Total operating lease liabilities   -    41,696 

 

 

The supplemental cash flow and other information of operating leases were as follows:

 

       
   For the years ended December 31, 
   2024   2025 
   US$   US$ 
Operating cash flows from operating leases   -    8,843 
ROU assets obtained in the exchange for operating lease liabilities   -    51,665 
           
Weighted discount rate for the leases   N/A    5.25%
Weighted average remaining lease term (years)   -    1.58 

 

The Group’ s future minimum lease payments for operating leases as of December 31, 2025 are as follows:

 

   Amount 
   US$ 
For the years ended December 31,     
2026   27,366 
2027   16,189 
Total lease payments   43,555 
Less: imputed interest   (1,859)
Total operating lease liabilities, net of interest   41,696