v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of allowance for doubtful accounts

The table below presents the movement of allowance for receivables from customers for the year ended December 31, 2024 and 2025.

 

 

2024

 

 

2025

 

 

 

US$

 

 

US$

 

Balance as of January 1,

 

 

991,286

 

 

 

15,284,002

 

Additional/(Reversal)

 

 

14,292,716

 

 

 

(1,777,415

)

Write-off

 

 

 

 

 

(8,456,086

)

Balance as of December 31,

 

 

15,284,002

 

 

 

5,050,501

 

Schedule of estimated useful lives of property, plant and equipment Depreciation is calculated on a straight‑line basis over the following estimated useful lives:

Electronic equipment

 

3 years

Office equipment

 

5-14.25 years

Software

 

3-5 years

Leasehold improvement

 

Shorter of the lease terms or the estimated useful lives of the assets