v3.26.3
INTANGIBLE ASSETS, NET
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Intangible Asset, Goodwill and Other [Abstract]    
INTANGIBLE ASSETS, NET

6. INTANGIBLE ASSETS, NET

 

Intangible assets, net, consists of the following:

 

   December 31, 2025   June 30, 2026 
   As of 
   December 31, 2025   June 30, 2026 
   US$   US$ 
Software   14,793,662    14,682,927 
Brand names   988,580    981,181 
Customer list   46,708    46,358 
Intangible assets, gross   15,828,950    15,710,466 
Less: accumulated amortization   (646,829)   (2,213,710)
Total intangible assets, net   15,182,121    13,496,756 

 

Amortization expenses were nil and US$1,575,276 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.

 

The following is a schedule, by fiscal years, of amortization amount of intangible asset as of June 30, 2026:

 

   US$ 
Remainder of 2026   1,571,723 
2027   3,143,446 
2028   3,143,446 
2029   3,143,446 
2030   2,494,695 
Total   13,496,756 

 

 

 

8.INTANGIBLE ASSETS, NET

 

Intangible assets, net, consists of the following:

 

       
   As of December 31, 
   2024   2025 
   US$   US$ 
Software   -    14,793,662 
Brand names   -    988,580 
Customer list   -    46,708 
Intangible assets, gross   -    15,828,950 
Less: accumulated amortization   -    (646,829)
Total intangible assets, net   -    15,182,121 

 

Amortization expenses were nil and US$647,159 for the years ended December 31, 2024 and 2025, respectively.

 

 

The following is a schedule, by fiscal years, of amortization amount of intangible asset as of December 31, 2025:

   US$ 
2026   3,167,153 
2027   3,167,153 
2028   3,167,153 
2029   3,167,153 
2030   2,513,509 
Total   15,182,121