v3.25.1
Accounts Receivable, Net
 12 Months Ended
Dec. 31, 2024
Accounts Receivable, Net [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 8 — ACCOUNTS RECEIVABLE, NET

 

Accounts receivable is presented net of allowance for expected credit losses:

 

   As of December 31, 
   2023   2024 
Accounts receivable  $20,244,450   $12,882,682 
Less: allowance for expected credit losses   (107,758)   (80,056)
Total  $20,136,692   $12,802,626 

 

The movement of allowance for expected credit losses is as follows:

 

   As of December 31, 
   2023   2024 
Balance at beginning of the year  $(52,948)  $(107,758)
(Provision) Reversal   (54,810)   27,702 
Total  $(107,758)  $(80,056)