v3.26.1
Accounts Receivable, Net
 12 Months Ended
Dec. 31, 2025
Accounts Receivable, Net [Abstract]  
Accounts receivable, net

Note 7 — Accounts receivable, net

 

Accounts receivable, net consisted of the following as of the date indicated:

 

   As of
December 31,
2025		   As of
December 31,
2024		 
Accounts receivable  $2,271,781   $2,744,118 
Less: allowance for credit losses   (2,118,738)   (915,074)
Subtotal accounts receivable, net   153,043    1,829,044 
Accounts receivable - related party   730,998    1,092,960 
Less: allowance for credit losses – related party   (730,998)   (116,511)
Subtotal accounts receivable – related party, net   
-
    976,449 
Total accounts receivable, net  $153,043   $2,805,493 

 

Provision for credit losses were $1,818,151 and $408,569 for the years ended December 31, 2025 and 2024, respectively.

Movement of allowance:

 

Movement of allowance for expected credit losses (including related party) consisted of the following as of the date indicated:

 

   December 31,
2025		   December 31,
2024		 
Beginning balance  $1,031,585   $669,974 
Addition   1,818,151    408,569 
Write-off   
-
    (46,958)
Ending balance  $2,849,736   $1,031,585