Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 126

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 126
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any impairment loss on intangible asset for the years ended December 31, 2024, 2023 and 2022.

F-21

The future amortization
expense of the intangible assets for the twelve months ending December 31 of the following years is expected as follows:

  Year ending December 31,      Amortization              
                                                          
                                expenses                  
 ──────────────────────────────────────────────────────────
                                In thousands              
                      2025      $                  3,142  
                      2026                         2,932  
                      2027                         2,502  
                      2028                         1,736  
                      2029                           740  
                     Total      $                 11,052  

8. Goodwill

                 2024                     2023          
 ────────────────────────────────────────────────────────
                 In thousands of USD                    
  Bondly HK      $4,454                             $   
  Total          $4,454                             $   

                                  2024                                2023  
 ────────────────────────────────────────────────────────────────────────────
                                  In thousands of USD                       
  Balance as of December 31,      $                        -          $     
  Acquisitions (Note 14)                                   4,454            
  Goodwill, net                   $                        4,454      $     

9. Leases

As of December 31, 2024, the Company had the
following non-cancellable lease contract.

  Description of the lease      Lease term    
 ──────────────────────────────────────────────
  Office premises               2 to 5 years  

  (a)      Amount                                         

                                         2024                             2023           
 ─────────────────────────────────────────────────────────────────────────────────────────
                                         In thousands of USD                             
  Right-of-use assets                    $                        61      $         129  
  Lease liabilities, current                                      56                 95  
  Lease liabilities, non-current                                   5                 34  
  Total operating lease liabilities      $                        61      $         129  

  (b)      A summary of lease cost recognized in the Company’    

                                           2024                     2023  
 ──────────────────────────────────────────────────────────────────────────
                                           In thousands of USD            
  Amortization of right-of-use assets      $121                      $92  
  Interest of lease liabilities            $5                         $6  

F-22

Maturity analysis of
oper