| Schedule of Accounts Receivable |
Accounts receivable consisted
of the following as of the date indicated:
| | |
As of
March 31,
2025 | | |
As of
December 31,
2024 | |
| Accounts receivable | |
$ | 2,669,442 | | |
$ | 2,744,118 | |
| Less: allowance for credit losses | |
| (926,298 | ) | |
| (915,074 | ) |
| Subtotal accounts receivable, net | |
| 1,743,144 | | |
| 1,829,044 | |
| | |
| | | |
| | |
| Accounts receivable - related party | |
$ | 862,382 | | |
$ | 1,092,960 | |
| Less: allowance for credit losses – related party | |
| (128,570 | ) | |
| (116,511 | ) |
| Subtotal accounts receivable – related party, net | |
$ | 733,812 | | |
$ | 976,449 | |
| | |
| | | |
| | |
| Total accounts receivable | |
$ | 3,531,824 | | |
$ | 3,837,078 | |
| Total allowance for credit losses | |
| (1,054,868 | ) | |
| (1,031,585 | ) |
| Total accounts receivable, net | |
$ | 2,476,956 | | |
$ | 2,805,493 | |
|
Accounts receivable consisted of the following
as of the date indicated:
| | |
As of
December 31,
2024 | | |
As of
December 31,
2023 | |
| Accounts receivable | |
$ | 2,744,118 | | |
$ | 1,906,222 | |
| Less: allowance for credit losses | |
| (915,074 | ) | |
| (669,974 | ) |
| Subtotal accounts receivable, net | |
| 1,829,044 | | |
| 1,236,248 | |
| Accounts receivable - related party | |
| 1,092,960 | | |
| 305,669 | |
| Less: allowance for credit losses – related party | |
| (116,511 | ) | |
| - | |
| Subtotal accounts receivable – related party, net | |
| 976,449 | | |
| 305,669 | |
| Total accounts receivable, net | |
$ | 2,805,493 | | |
$ | 1,541,917 | |
|
| Schedule of Allowance for Expected Credit Losses |
Movement of allowance
for expected credit losses (including related party) consisted of the following as of the date indicated:
| | |
March 31,
2025 | | |
December 31,
2024 | |
| Beginning balance | |
$ | 1,031,585 | | |
$ | 669,974 | |
| Addition | |
| 23,283 | | |
| 408,569 | |
| Write-off | |
| - | | |
| (46,958 | ) |
| Ending balance | |
$ | 1,054,868 | | |
$ | 1,031,585 | |
|
Movement of allowance for
expected credit losses (including related party) consisted of the following as of the date indicated:
| | |
December 31,
2024 | | |
December 31,
2023 | |
| Beginning balance | |
$ | 669,974 | | |
$ | 259,690 | |
| Addition | |
| 408,569 | | |
| 907,021 | |
| Write-off | |
| (46,958 | ) | |
| (496,737 | ) |
| Ending balance | |
$ | 1,031,585 | | |
$ | 669,974 | |
|