| PROPERTY, SOFTWARE AND EQUIPMENT, NET |
| 7. |
PROPERTY, SOFTWARE AND EQUIPMENT, NET |
Property, software and equipment, net, consisted of the following:
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| Cost | |
| | |
| |
| Computer software (i) | |
$ | 31,534 | | |
$ | 32,812 | |
| Electronic equipment | |
| 13,209 | | |
| 14,061 | |
| Vehicles | |
| 828 | | |
| 827 | |
| Building | |
| 691 | | |
| 721 | |
| Office equipment and furniture | |
| 185 | | |
| 210 | |
| Leasehold improvements | |
| 22 | | |
| 120 | |
| Total | |
| 46,469 | | |
| 48,751 | |
| Less: accumulated depreciation | |
| (18,805 | ) | |
| (24,556 | ) |
| Software and equipment, net | |
$ | 27,664 | | |
$ | 24,195 | |
| (i) | In
2022, a hybrid cloud platform developed with the assistance of a third-party cloud service provider was partially substantially ready
for use and transferred from other non-current assets, and certain components of the platform have not yet reached feasibility and remain
under development as of December 31, 2025. Cost of hybrid cloud platform represents the purchase price of the platform and other expenditures
incurred to bring the platform into its intended use. The application of the hybrid cloud platform was to improve the IT development
capability for internal-used software platforms which provide auto eInsurance service and auto service to customers, and Software-As-A-Service
(“SaaS”) products which are provided to business partners as technology services. |
Depreciation expense was $4,114, $4,503 and $4,743
for the years ended December 31, 2023, 2024 and 2025, respectively.
For the years ended December 31, 2023, 2024 and
2025, the Group recorded no impairment loss of software and equipment.
|