v3.26.3
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Payables and Accruals [Abstract]    
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

7. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

Accrued expenses and other current liabilities consisted of the following:

 

   December 31, 2025   June 30, 2026 
   As of 
   December 31, 2025   June 30, 2026 
   US$   US$ 
Accrued payroll and welfare   885,807    940,601 
Contingent consideration liability (1)   136,200    135,181 
Accrued expenses (2)   276,095    87,803 
Advance from customers   39,096    38,560 
Others   23,207    39,985 
Total accrued expenses and other current liabilities   1,360,405    1,242,130 

 

(1) The balance of contingent consideration represented the estimated fair value of Fundraising incentive related to the acquisition of TEX and H2N. Refer to Note 3 - Acquisitions   included in the Group’s consolidated financial statements for the fiscal year ended December 31, 2025 for further information about the Group’s acquisition related transactions.

 

(2) The balance of accrued expenses represented accrued professional services and other miscellaneous fees.

 
9.ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

Accrued expenses and other current liabilities consisted of the following:

 

       
   As of December 31, 
   2024   2025 
   US$   US$ 
Accrued payroll and welfare   -    885,807 
Accrued expenses (1)   -    276,095 
Contingent consideration liability (2)   -    136,200 
Advance from customers   -    39,096 
Others   -    23,207 
Total accrued expenses and other current liabilities   -    1,360,405 

 

(1)The balance of accrued expenses represented accrued professional services and other miscellaneous fees.

 

(2)The balance of contingent consideration represented the estimated fair value of Fundraising incentive related to the acquisition of TEX and H2N. Refer to Note 3 - Acquisitions for further information about the Group’s acquisition related transactions.