| ACCOUNTS RECEIVABLE, NET |
4. ACCOUNTS RECEIVABLE, NET
Accounts receivable, net, consisted of the following:
|
|
|
As of December 31,
|
| |
|
2024
|
|
2025
|
|
Accounts receivable
|
|
$
|
6,152,354 |
|
|
$
|
10,321,144 |
|
|
Provision of expected credit loss
|
|
|
(680,922 |
)
|
|
|
(2,355,443 |
)
|
|
Accounts receivable, net
|
|
$
|
5,471,432 |
|
|
$
|
7,965,701 |
|
The movement of the allowance for expected credit loss is as follows:
|
|
|
For the years ended December 31,
|
| |
|
2023
|
|
2024
|
|
2025
|
|
Balance as of the beginning of the year
|
|
$
|
(119,455 |
)
|
|
$
|
(526,173 |
)
|
|
$
|
(680,922 |
)
|
|
Expected credit loss provision
|
|
|
(440,322 |
)
|
|
|
(312,394 |
)
|
|
|
(2,557,207 |
)
|
|
Write-off
|
|
|
—
|
|
|
|
100,156 |
|
|
|
820,517 |
|
|
Exchange difference
|
|
|
33,604 |
|
|
|
57,489 |
|
|
|
62,169 |
|
|
Balance as of the end of the year
|
|
$
|
(526,173 |
)
|
|
$
|
(680,922 |
)
|
|
$
|
(2,355,443 |
)
|
|