| SCHEDULE OF ALLOWANCE FOR EXPECTED CREDIT LOSSES |
Accounts
receivable, net consisted of the following:
SCHEDULE
OF ACCOUNTS RECEIVABLE
| | |
December
31, 2024 | | |
June
30, 2025 | |
| | |
As
of | |
| | |
December
31, 2024 | | |
June
30, 2025 | |
| Accounts
receivable | |
$ | 66,058,775 | | |
$ | 71,379,164 | |
| Accounts
receivable, related parties | |
| 928,951 | | |
| 353,886 | |
| Accounts
receivable, gross | |
| 66,987,726 | | |
| 71,733,050 | |
| Less:
allowance of expected credit loss | |
| (59,124 | ) | |
| (63,789 | ) |
| Accounts
receivable, net | |
$ | 66,928,602 | | |
$ | 71,669,261 | |
The
following table presents the activities in the allowance for expected credit losses:
SCHEDULE
OF ALLOWANCE FOR EXPECTED CREDIT LOSSES
| | |
December
31, 2024 | | |
June
30, 2025 | |
| | |
As
of | |
| | |
December
31, 2024 | | |
June
30, 2025 | |
| Balance
at beginning of year/period | |
$ | 128,312 | | |
$ | 59,124 | |
| Allowance
for expected credit losses | |
| 3,007 | | |
| 4,665 | |
| Written-off
allowance during the year/period | |
| (71,667 | ) | |
| - | |
| Foreign
translation adjustment | |
| (528 | ) | |
| - | |
| Balance
at end of year/period | |
$ | 59,124 | | |
$ | 63,789 | |
|
| SCHEDULE OF ALLOWANCE FOR EXPECTED CREDIT LOSSES |
The
following table presents the activities in the allowance for expected credit losses:
SCHEDULE
OF ALLOWANCE FOR EXPECTED CREDIT LOSSES
| | |
December
31, 2024 | | |
June
30, 2025 | |
| | |
As
of | |
| | |
December
31, 2024 | | |
June
30, 2025 | |
| Balance
at beginning of year/period | |
$ | 128,312 | | |
$ | 59,124 | |
| Allowance
for expected credit losses | |
| 3,007 | | |
| 4,665 | |
| Written-off
allowance during the year/period | |
| (71,667 | ) | |
| - | |
| Foreign
translation adjustment | |
| (528 | ) | |
| - | |
| Balance
at end of year/period | |
$ | 59,124 | | |
$ | 63,789 | |
|