v3.26.1
Lease (Tables)
12 Months Ended
Dec. 31, 2025
Lessee Disclosure [Abstract]  
Schedule of balances reported in the consolidated balance sheets related to the Group's leases

The following table presents balances reported in the consolidated balance sheets related to the Group’s leases:

 

For the years ended December 31,

 

 

2024

 

 

2025

 

 

US$

 

 

US$

 

Operating lease right-of-use assets

 

 

10,880,673

 

 

 

11,674,596

 

Operating lease liabilities

 

 

10,056,251

 

 

 

10,976,915

 

Schedule of operating lease expenses and short-term lease expenses

The following table presents operating lease expenses and short-term lease expenses reported in the consolidated statements of comprehensive income related to the Group’s leases:

 

For the years ended December 31,

 

 

2024

 

 

2025

 

 

US$

 

 

US$

 

Operating lease expenses

 

 

5,168,034

 

 

 

6,580,883

 

Short-term lease expenses

 

 

520,775

 

 

 

562,458

 

Summary of supplemental information related to operating leases

A summary of supplemental information related to operating leases is as follows:

 

For the years ended December 31,

 

 

2024

 

 

2025

 

 

US$

 

 

US$

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows used in operating leases

 

 

6,319,923

 

 

 

6,897,814

 

Non-cash right-of-use assets in exchange for new lease obligations:

 

 

 

 

 

 

Operating leases

 

 

6,748,032

 

 

 

6,182,198

 

Weighted average remaining lease term:

 

 

 

 

 

 

Operating leases

 

4 years

 

 

3 years

 

Weighted average discount rate:

 

 

 

 

 

 

Operating leases

 

4.8%

 

 

4.9%

 

 

18.
Lease (Continued)

Operating leases (Continued)

Summary of maturity analysis of the annual undiscounted cash flows

The following is a maturity analysis of the annual undiscounted cash flows for the annual periods ended December 31:

 

 

 

 

 

2025

 

 

US$

 

Years ending December 31:

 

 

 

2026

 

 

7,092,390

 

2027

 

 

3,899,443

 

2028

 

 

544,714

 

2029

 

 

 

2030 and after

 

 

 

Total undiscounted operating lease payments

 

 

11,536,547

 

Less: imputed interest

 

 

(559,632

)

Present value of operating lease liabilities

 

 

10,976,915