v3.25.1
Accounts receivable, net (Tables)
 12 Months Ended
Dec. 31, 2024
Credit Loss [Abstract]  
Schedule of accounts receivable, net

Accounts receivable, net consist of the following:

 

   2024   2023 
   As of December 31, 
   2024   2023 
Accounts receivable  $21,808,030   $23,923,551 
Allowance for doubtful accounts   (1,486,333)   (1,371,341)
Total, net  $20,321,697   $22,552,210 
Schedule of aging analysis of accounts receivable

As of the end of each of the financial year, the aging analysis of accounts receivable, net of allowance for expected credit loss, based on the invoice date is as follows:

 

   2024   2023 
   As of December 31, 
   2024   2023 
Within 90 days  $7,998,811   $14,688,353 
Between 91 and 180 days   11,774,674    7,667,223 
Between 181 and 365 days   529,797    63,721 
More than 365 days   18,415    132,913 
Total, net  $20,321,697   $22,552,210 
Schedule of movement of allowances for expected credit loss

The movement of allowances for expected credit loss is as follow:

 

   2024   2023 
   As of December 31, 
   2024   2023 
Balance at January 1  $1,371,341   $1,428,739 
Addition   69,474    - 
Foreign exchange difference   45,518    (57,398)
Balance at December 31  $1,486,333   $1,371,341