6. ACCOUNT RECEIVABLE, NET
Accounts receivable, net consists of the following:
| | |
As of September 30, | |
| | |
2024 | | |
2023 | |
| Accounts receivable | |
$ | 7,415,011 | | |
$ | 2,120,261 | |
| Allowance for credit loss | |
| (1,112,315 | ) | |
| (109,214 | ) |
| Total accounts receivable, net | |
$ | 6,302,696 | | |
$ | 2,011,047 | |
Movements of allowance for credit loss are as follows:
| | |
As of September 30, | |
| | |
2024 | | |
2023 | |
| Beginning balance | |
$ | 109,214 | | |
$ | - | |
| Adoption ASU 2016-13 | |
| 985,102 | | |
| 116,428 | |
| Provision (recovery of provision) | |
| (26,518 | ) | |
| - | |
| Exchange rate effect | |
| 44,517 | | |
| (7,214 | ) |
| Ending balance | |
$ | 1,112,315 | | |
$ | 109,214 | |
|