NOTE 3 – ACCOUNTS RECEIVABLES, NET
Accounts receivables, net consist of the following:
SCHEDULE OF ACCOUNTS RECEIVABLE
| | |
2024 | | |
2023 | |
| | |
December 31, | |
| | |
2024 | | |
2023 | |
| | |
| | |
| |
| Accounts receivables – current | |
$ | 2,345,843 | | |
$ | 4,186,536 | |
| Less: allowance for expected credit loss | |
| (503,160 | ) | |
| (189,069 | ) |
| Accounts receivables – current, net | |
$ | 1,842,683 | | |
$ | 3,997,467 | |
| | |
| | | |
| | |
| Accounts receivables – non-current | |
$ | 1,836,167 | | |
$ | - | |
| Less: allowance for expected credit loss | |
| (313,104 | ) | |
| - | |
| Accounts receivables – non-current, net | |
$ | 1,523,063 | | |
$ | - | |
The movement of allowances for expected credit loss is as follows:
SCHEDULE
OF ALLOWANCES FOR EXPECTED CREDIT LOSS
| | |
December 31, | |
| | |
2024 | | |
2023 | |
| | |
| | |
| |
| Balance at beginning of the year | |
$ | (189,069 | ) | |
$ | (35,900 | ) |
| Provision for the year | |
| (623,034 | ) | |
| (153,074 | ) |
| Exchange adjustment | |
| (4,161 | ) | |
| (95 | ) |
| Ending balance | |
$ | (816,264 | ) | |
$ | (189,069 | ) |
|