v3.25.2
INVENTORIES, NET
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORIES, NET

NOTE 5 INVENTORIES, NET

 

   December 31, 2024   June 30, 2025 
   As of 
   December 31, 2024   June 30, 2025 
Inventories kept at warehouse  $1,736,280   $1,898,436 
Inventories at showroom   484,236    532,455 
 Inventory, gross   2,220,516    2,430,891 
Less: allowance for obsolete inventories   (973,838)   (809,670)
Goods in transit   6,785,411    8,992,074 
Total  $8,032,089   $10,613,295 

 

For the six months ended June 30, 2024 and 2025, the Company made an allowance and (reversal) for obsolete inventories of $120,699 and $(164,167), respectively.

 

 

HOMESTOLIFE LTD AND SUBSIDIARIES

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS

(Currency expressed in United States Dollars (“US$”), except for number of shares)