| Schedule of Accounts Receivable |
Accounts receivable consisted
of the following as of the date indicated:
| | |
As of
September 30,
2025 | | |
As of
December 31,
2024 | |
| Accounts receivable | |
$ | 2,345,724 | | |
$ | 2,744,118 | |
| Less: allowance for credit losses | |
| (1,124,582 | ) | |
| (915,074 | ) |
| Accounts receivable, net | |
| 1,221,142 | | |
| 1,829,044 | |
| | |
| | | |
| | |
| Accounts receivable - related party | |
$ | 730,998 | | |
$ | 1,092,960 | |
| Less: allowance for credit losses – related party | |
| (213,094 | ) | |
| (116,511 | ) |
| Accounts receivable – related party, net | |
$ | 517,904 | | |
$ | 976,449 | |
| | |
| | | |
| | |
| Total accounts receivable | |
$ | 3,076,722 | | |
$ | 3,837,078 | |
| Total allowance for credit losses | |
| (1,337,676 | ) | |
| (1,031,585 | ) |
| Total accounts receivable, net | |
$ | 1,739,046 | | |
$ | 2,805,493 | |
|
| Schedule of Allowance for Expected Credit Losses |
Movement of allowance for
expected credit losses (including related party) consisted of the following as of the date indicated:
| | |
As of
September 30,
2025 | | |
As of
December 31,
2024 | |
| Beginning balance | |
$ | 1,031,585 | | |
$ | 669,974 | |
| Addition | |
| 306,091 | | |
| 408,569 | |
| Write-off | |
| - | | |
| (46,958 | ) |
| Ending balance | |
$ | 1,337,676 | | |
$ | 1,031,585 | |
|