| Accounts receivable, net |
| 8. |
Accounts receivable, net |
| | |
December 31,
2024 | | |
December 31,
2023 | |
| Accounts receivable | |
$ | 33,135,718 | | |
$ | 14,563,153 | |
| Less: Allowance for ECL | |
| (7,465,561 | ) | |
| (13,114,951 | ) |
| | |
$ | 25,670,157 | | |
$ | 1,448,202 | |
| a) | The aging analysis of accounts receivable is as follows: |
| | |
December 31,
2024 | | |
December 31,
2023 | |
| Not past due | |
$ | 514,854 | | |
$ | 3,937,838 | |
| Up to 90 days | |
| 25,147,001 | | |
| 2,938,974 | |
| 91 to 180 days | |
| 105,571 | | |
| 1,831,323 | |
| 181 to 365 days | |
| 4,290 | | |
| 3,100,633 | |
| Over 365 days | |
| 7,364,002 | | |
| 2,754,385 | |
| | |
$ | 33,135,718 | | |
$ | 14,563,153 | |
The above aging analysis was based
on days overdue.
| |
b) |
As of December 31, 2024 and 2023, accounts receivable were all from contracts with customers. |
| | c) | As of December 31, 2024 and 2023, without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the Group’s accounts receivable were $25,670,157 and $1,448,202, respectively. |
| |
d) |
Information relating to credit risk of accounts receivable is provided in Note 42. |
|