| SCHEDULE OF INVENTORIES |
Inventories,
net as of March 31, 2026 and December 31, 2025 consist of the following:
SCHEDULE OF INVENTORIES
| | |
March 31, 2026 (unaudited) | | |
December 31, 2025 | |
| Products and accessories | |
$ | 15,892,009 | | |
$ | 15,991,092 | |
| Parts | |
| 2,617,385 | | |
| 2,181,292 | |
| Inventories in transit | |
| 1,014,472 | | |
| 3,664,403 | |
| Freight and duty | |
| 4,883,592 | | |
| 4,640,666 | |
| Inventory, gross | |
| 24,407,458 | | |
| 26,477,453 | |
| Less: inventory allowance | |
| (469,900 | ) | |
| (469,900 | ) |
| Inventories, net | |
$ | 23,937,558 | | |
$ | 26,007,553 | |
|
| SCHEDULE OF INVENTORY ALLOWANCE |
The
inventory allowance movement is as follows:
SCHEDULE OF INVENTORY ALLOWANCE
| | |
March 31, 2026 (unaudited) | | |
December 31, 2025 | |
| Beginning balance | |
$ | 469,900 | | |
$ | 469,900 | |
| Addition of provision | |
| - | | |
| - | |
| Ending balance | |
$ | 469,900 | | |
$ | 469,900 | |
|