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

 

Property, software and equipment, net, consisted of the following:

 

    As of
December 31,
    As of
June 30,
 
    2025     2026  
    (Audited)     (Unaudited)  
Cost            
Computer software (1)   $ 32,812     $ 33,818  
Electronic equipment     14,061       14,549  
Vehicles     827       852  
Building     721       744  
Office equipment and furniture     210       216  
Leasehold improvements     120       111  
Total     48,751       50,290  
Less: accumulated depreciation     (24,556 )     (27,503 )
Property, software and equipment, net   $ 24,195     $ 22,787  

 

(1) In 2022, a hybrid cloud platform developed with the assistance of a third-party cloud service provider was substantially ready for use and transferred from other non-current assets. The cost of the hybrid cloud platform represents the purchase price of the platform and other expenditures incurred to bring the platform into its intended use. The application of the hybrid cloud platform was to improve the IT development capabilities of internal-used software platforms that provide auto eInsurance service and auto service to customers, as well as Software-As-A-Service (“SaaS”) products offered to business partners as part of our technology services.

 

Depreciation expense was $2,531 and $2,105 for the six months ended June 30, 2025 and 2026, respectively.

 

For the six months ended June 30, 2025 and 2026, the Group recorded no impairment loss of property, software and equipment.