PROPERTY, EQUIPMENT AND SOFTWARE |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant, and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PROPERTY, EQUIPMENT AND SOFTWARE | 8. PROPERTY, EQUIPMENT AND SOFTWARE
As of June 30, 2026 and December 31, 2025, property, equipment and software consist of:
Depreciation expenses for the six months ended June 30, 2026 and 2025 were approximately $0.7 million and $0.8 million, respectively.
Management regularly evaluates property, equipment and software for impairment, if an event occurs or circumstances change that would potentially indicate that the carrying amount of the property, equipment and software exceeded its fair value.
Company’s office buildings, with net carrying value of approximately $2.4 million, are used as collateral for its bank loans.
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