| Accounts Receivable, net |
Note 5 – Accounts Receivable, net Accounts receivable consisted of the following: | | December 31, | | | December 31, | | | | 2024 | | | 2023 | | Accounts receivable | | $ | 34,636,570 | | | $ | 44,159,513 | | Allowance for credit losses | | | (2,028,979 | ) | | | (2,361,778 | ) | Accounts receivable, net | | $ | 32,607,591 | | | $ | 41,797,735 | |
The movement of allowance for credit losses are as follows: | | December 31, | | | December 31, | | | | 2024 | | | 2023 | | Balance at beginning of year | | $ | 2,361,778 | | | $ | 1,684,158 | | Change of allowance for credit losses | | | (284,191 | ) | | | 727,747 | | Translation adjustments | | | (48,608 | ) | | | (50,127 | ) | Balance at end of year | | $ | 2,028,979 | | | $ | 2,361,778 | |
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