v3.26.1
Accounts Receivable, Net
 12 Months Ended
Dec. 31, 2025
Accounts Receivable, Net [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 4 – ACCOUNTS RECEIVABLE, NET

 

Accounts receivable consisted of the following:

 

   As of December 31, 
   2025   2024 
Accounts receivable  $18,077,471   $36,901,720 
Allowance for credit loss   (8,136,400)   (7,909,571)
Accounts receivable, net  $9,941,071   $28,992,149 

 

The movement of allowance of credit loss is as follows:

 

   As of December 31, 
   2025   2024   2023 
Balance at beginning of the year  $7,909,571   $8,016,322   $8,047,527 
Current year addition   
-
    113,854    196,717 
Reversed   (116,271)   
-
    (74,564)
Foreign currency translation adjustments   343,100    (220,605)   (153,358)
Balance at end of the year  $8,136,400   $7,909,571   $8,016,322 

 

Addition to allowance for credit loss was $nil, $113,854 and $196,717 recorded for the years ended December 31, 2025, 2024 and 2023, respectively.