4. Accounts Receivable, net
Accounts receivable, net consisted of the following:
| | |
As of
June 30,
2025 (Unaudited) | | |
As of
December 31,
2024 | |
| Accounts receivable | |
$ | 2,592,547 | | |
$ | 2,195,005 | |
| Less: allowance for credit losses | |
| (557,315 | ) | |
| (546,933 | ) |
| Accounts receivable, net | |
$ | 2,035,232 | | |
$ | 1,648,073 | |
The follow table presents movement of the allowance
for credit losses:
| | |
As of
June 30,
2025 (Unaudited) | | |
As of
December 31,
2024 | |
| Balance at the beginning of the period | |
$ | 546,933 | | |
$ | 562,106 | |
| Provisions | |
| - | | |
| - | |
| Foreign exchange adjustment | |
| 10,382 | | |
| (15,173 | ) |
| Balance at the end of the period | |
$ | 557,315 | | |
$ | 546,933 | |
|