v3.26.1
Prepaid Expenses and Other Current Assets, Net - Schedule of Prepayments and Other Current Assets, Net (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Schedule of Prepayments and Other Current Assets, Net [Abstract]    
Advances to suppliers $ 67,217 $ 65,753
Value-added tax (“VAT”) receivables 5,268 2,301
Third-party payment platform receivable [1] 1,236 293
Receivables from third parties [2] 1,000
Prepaid financing expense [3] 229 835
Others 296 119
Prepaid expenses and other current assets 74,246 70,301
Allowance for credit losses (174) (130)
Prepaid expenses and other current assets, net $ 74,072 $ 70,171
[1] Third-party payment platform receivable represents customer payments collected through online payment platform that have not yet been remitted to the group’s bank accounts as of December 31, 2025.
[2] It represented advance to the employees for the group’s daily operation.
[3] It represented prepaid financing expense related to issuance of GEM Warrants (See Note 13).