| INTANGIBLE ASSETS, NET |
6.INTANGIBLE ASSETS, NET As of December 31, 2025 and 2024, intangible assets, net consisted of the following: | | | | | | | | | As of December 31, | | | 2025 | | 2024 | Trademark identified in reverse acquisition (1) | | $ | 15,100 | | $ | 15,100 | Technology identified in acquisition of Morning Star (Note 4) (2) | | | 13,972 | | | 13,972 | Customer relationship (3) | | | 10,100 | | | — | Software | | | 70 | | | 68 | Total | | | 39,242 | | | 29,140 | Less: Accumulated amortization | | | (12,235) | | | (8,427) | Less: Accumulated impairment loss | | | (16,946) | | | — | Intangible assets, net | | $ | 10,061 | | $ | 20,713 |
| (1) | The trademark was identified in reverse acquisition of KAH with Haitaoche on June 25, 2021. The Group provided full impairment of $8,305 against the trademark. As of December 31, 2025, the trademark was $nil. |
| (2) | The technology was identified in acquisition of Morning Star on August 23, 2023. The Group provided full impairment of $8,641 against the technology. As of December 31, 2025, the technology was $nil. |
| (3) | The customer relationship was identified in acquisition of Zhejiang Ordinary Smile on December 1, 2025. As of December 31, 2025, the customer relationship had remaining useful life of 10 years. |
For the years ended December 31, 2025, 2024 and 2023, amortization expense was $3,807, $3,723 and $2,436, respectively. The following is a schedule, by fiscal years, of amortization amount of intangible asset as of December 31, 2025: | | | | 2026 | | $ | 2,027 | 2027 | | | 2,027 | 2028 | | | 2,027 | 2029 | | | 2,027 | 2030 and thereafter | | | 1,953 | Total | | $ | 10,061 |
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