v3.26.1
Accrued Expenses and Other Current Liabilities
12 Months Ended
Dec. 31, 2025
Accrued Liabilities and Other Liabilities [Abstract]  
Accrued Expenses and Other Current Liabilities
10.
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 social insurance

 

 

2,310,507

 

 

 

2,938,321

 

Cash collected on behalf of the customers(a)

 

 

77,408

 

 

 

53,683

 

Other taxes payable

 

 

662,974

 

 

 

540,679

 

Accrued IPO and follow-up offering cost

 

 

1,167,185

 

 

 

522,813

 

Accrued service expenses

 

 

789,427

 

 

 

403,298

 

Interest payable to investors

 

 

612,443

 

 

 

825,081

 

Others(b)

 

 

240,963

 

 

 

229,529

 

Accrued Expenses and Other Current Liabilities

 

 

5,860,907

 

 

 

5,513,404

 

 

a. The Group collects the EV charging considerations from end users on behalf of certain customers and pays to these customers on a regular basis.

b. Others as of December 31, 2024 and 2025 mainly included accrued warranty and other payable.