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PROPERTY AND EQUIPMENT, NET
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Property, Plant, and Equipment [Abstract]    
PROPERTY AND EQUIPMENT, NET

5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net, consists of the following:

 

   December 31, 2025   June 30, 2026 
   As of 
   December 31, 2025   June 30, 2026 
   US$   US$ 
Vehicles   428,812    425,602 
Furniture and equipment   86,010    91,071 
Leasehold improvements   28,161    27,951 
Property and equipment, gross   542,983    544,624 
Less: accumulated depreciation   (390,467)   (442,315)
Total property and equipment, net   152,516    102,309 

 

Depreciation expenses were nil and US$54,894     for the six months ended June 30, 2025 and 2026, respectively. No impairment losses were recognized for the six months ended June 30, 2025 and 2026, respectively.

 
7.PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net, consists of the following:

 

       
   As of December 31, 
   2024   2025 
   US$   US$ 
Vehicles   -    428,812 
Furniture and equipment   -    86,010 
Leasehold improvements   -    28,161 
Property and equipment, gross   -    542,983 
Less: accumulated depreciation   -    (390,467)
Total property and equipment, net   -    152,516 

 

Depreciation expenses were nil and US$36,765 for the years ended December 31, 2024 and 2025, respectively. No impairment losses were recognized for the years ended December 31, 2024 and 2025, respectively.