v3.25.2
Advances to Suppliers, net
12 Months Ended
Dec. 31, 2024
Advances to Suppliers, net  
Advances to Suppliers, net

Note 8 – Advances to Suppliers, net

 

Advances to suppliers consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Advances to suppliers

 

$3,695,682

 

 

$37,742

 

Allowance for credit losses

 

 

-

 

 

 

(3,611)

Advances to suppliers, net

 

$3,695,682

 

 

$34,131

 

 

The movement of allowance for credit losses are as follows:

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Balance at beginning of year

 

$3,611

 

 

$415

 

Change of allowance for credit losses

 

 

(3,563)

 

 

3,217

 

Translation adjustments

 

 

(48)

 

 

(21)

Balance at end of year

 

$-

 

 

$3,611