4. Accounts receivable, net
Accounts receivable consists of the following:
| Schedule of accounts receivable |
|
|
|
|
|
|
|
|
| |
June 30,
2025 |
|
|
December 31,
2024 |
|
| (Amounts in thousands) |
|
(Unaudited) |
|
|
|
|
| Accounts receivable from third party customers |
|
$ |
2,056 |
|
|
$ |
2,799 |
|
| Less: Allowance for credit losses |
|
|
(1,989 |
) |
|
|
(1,837 |
) |
| Accounts receivable, net |
|
$ |
67 |
|
|
$ |
962 |
|
|
4. Accounts receivable, net
Accounts receivable consist of the following:
| Schedule of accounts receivable |
|
|
|
|
|
|
|
|
| (Amounts in thousands) |
|
December 31,
2024 |
|
|
December 31,
2023 |
|
| Accounts receivable from third party customers |
|
$ |
2,799 |
|
|
$ |
348 |
|
| Less: Allowance for credit losses |
|
|
(1,837 |
) |
|
|
(285 |
) |
| Accounts receivable, net |
|
$ |
962 |
|
|
$ |
63 |
|
For the years ended December 31, 2024 and 2023, changes in the allowance for credit losses were as follows:
| Schedule of changes in allowance for credit losses |
|
|
|
|
|
|
|
|
| |
|
Years Ended
December 31, |
|
| (Amounts in thousands) |
|
2024 |
|
|
2023 |
|
| Balance at beginning of year |
|
$ |
(285 |
) |
|
$ |
(218 |
) |
| Additions |
|
|
(1,653 |
) |
|
|
(62 |
) |
| Income from unused provisions |
|
|
60 |
|
|
|
- |
|
| Utilized provisions during the year |
|
|
- |
|
|
|
- |
|
| Foreign exchange fluctuations |
|
|
41 |
|
|
|
(5 |
) |
| Balance at end of year |
|
$ |
(1,837 |
) |
|
$ |
(285 |
) |
|