| Schedule of Prepaid and Other Assets |
Other
assets consisted of the following:
| | |
As of
June 30,
2026 | | |
As of
December 31,
2025 | |
| | |
In thousands of USD | |
| Deposit of Haicang property1 | |
$ | 4,757 | | |
$ | 4,610 | |
| Deposits to software developer2 | |
| - | | |
| 16,219 | |
| The deposits for potential acquisition3 | |
| 147 | | |
| 142 | |
| Other current assets | |
| 171 | | |
| 237 | |
| Total | |
$ | 5,075 | | |
$ | 21,208 | |
| 1 | On
May 18, 2023, the Company (the “Buyer”) entered into a pre-sale agreement with Xiamen Haicang District People’s Government
(the “Seller”), pursuant to which the Company agreed to purchase the Service industrial park building, located in Haicang
District of Xiamen City. The buyer immediately pays $4.48 million (RMB 32.4 million) deposit at the time of signing this agreement and
the remaining shall be settled at the Closing. The building was estimated to be put into use on December 31, 2028. |
| 2 | On
May 5, 2023, the Company made the first deposit of $$3.53 million (RMB 25 million) to ZhongYi Digital Intelligence Technology Co., Ltd
to purchase the ChatGPT Accounting Intelligent System; On December 15, 2023, the Company made second deposit of $2.12 million (RMB 15
million) to the software developer. On September 25, 2024, the Company made third deposit of $1.39 million (RMB 10 million) to the software
developer. On October 14, 2024, the Company made fourth deposit of $4.45 million (RMB 32 million) to the software developer. On November
28, 2025, the Company made fifth deposit of $4.55 million (RMB 32 million) to the software developer. The software had been completed
by May 2026. |
| 3 | On October
22, 2024, the Company entered into a letter of intent for equity acquisition with an unrelated third-party company, pursuant to which
the Company intends to acquire equity interests in the target company. The Company paid a goodwill deposit of RMB 1 million, which is
refundable. The final purchase price will be determined as no less than 8 times the average audited net profit of the target company
for the three-year period from 2024 to 2026, with specific terms subject to the formal equity transfer documents to be mutually agreed
in the future. Due diligence is currently in progress, and the specific timing of the acquisition will be negotiated upon completion
of such due diligence. |
|