v3.26.1
Accounts Receivable, Net
3 Months Ended
Mar. 31, 2026
Accounts Receivable, Net [Abstract]  
Accounts Receivable, net

3) Accounts Receivable, net

 

    March 31,
2026
    December 31,
2025
 
Accounts receivable, gross   $ 8,694     $ 2,272  
Less: Allowance for doubtful accounts (current expected credit loss)     (327 )     (202 )
Accounts receivable, net   $ 8,367     $ 2,070  

 

As at March 31, 2026, the Company remeasured its allowance for current expected credit loss to $327, showing a net increase of $125 from the balance as at December 31, 2025.

 

Current Expected Credit Loss movement*:

 

    March 31,
2026
    December 31,
2025
 
Opening balance   $ 202     $ 185  
Provision for the period / year     125       17  
Closing balance   $ 327     $ 202  

 

*

During the quarter ended March 31, 2026, and year ended December 31, 2025, the Company collected nil and $117 respectively.