v3.26.3
Intangible assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Finite-Lived, after Accumulated Amortization [Abstract]  
Intangible assets
7. Intangible assets

 

The Company’s intangible assets with definite useful lives primarily consisted of licensed software and customer relationship, which are for sales or support the Company’s business and operation. The following table summarizes the components of acquired intangible asset balances.

 

   As of
June 30,
2026		   As of
December 31,
2025		 
   In thousands of USD 
Software  $44,565   $19,262 
Customer relationship   3,725    3,610 
Less: accumulated amortization   (17,625)   (14,783)
Intangible assets, net  $30,665   $8,089 

 

Amortization expense recognized in cost of revenues for the six months ended June 30, 2026 and 2025 amounted to approximately $0.75 million and $0.99 million, respectively. Amortization expense recognized in general and administrative expenses for the six months ended June 30, 2026 and 2025 amounted to approximately $1.59 million and $0.59 million, respectively.

 

The Company did not recognize any impairment loss on intangible assets for the six months ended June 30, 2026 and the year ended December 31, 2025.

 

The future amortization expense of the intangible assets for the twelve months ending June 30 of the following years is expected as follows:

 

Twelve months ending June 30,  Amortization
expenses		 
   In thousands
of USD		 
2027  $7,982 
2028   7,094 
2029   6,389 
2030   5,086 
2031   4,114 
Total  $30,665