| 9. | OTHER NON-CURRENT ASSETS | Other non-current assets consisted of the following: | | | As of
December 31, | | | As of
June 30, | | | | | 2025 | | | 2026 | | | | | (Audited) | | | (Unaudited) | | | Other cloud infrastructure(1) | | $ | 19,039 | | | $ | - | | | Prepaid expense for cloud infrastructure support, net(2) | | | 4,171 | | | | 3,344 | | | Securities margin(3) | | | 4,141 | | | | - | | | Artificial intelligence platform under construction(1) | | | 2,270 | | | | - | | | Advances to employees(4) | | | 1,200 | | | | - | | | Other non-current assets, net | | $ | 30,821 | | | $ | 3,344 | | | | (1) | During the fiscal year 2026, the Group reclassified costs incurred in connection with the development and construction of its cloud platform and artificial intelligence platform from other non-current assets to construction in progress. Refer to Note 7 for further details. | | (2) | For the year ended December 31, 2025, the Group paid RMB41.2 million (approximately $5.7 million) for cloud infrastructure support, which would be amortized over 3 years based on the service agreements. For the six months ended June 30, 2025 and 2026, amortization expense was nil and $945, respectively. | | (3) | Securities margin represented cash collateral provided under guarantee arrangements. The details of such arrangements and the related collateral deposits are disclosed in Note 5. | | (4) | Receivables from third parties represented advances to employees for the Group’s daily operations. The details of such advances and related reclassification are disclosed in Note 5. |
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