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

4. ACCOUNTS RECEIVABLE

 

Accounts receivable, net consist of the following:

 

   December 31,
2025		   December 31,
2024		 
Accounts receivable  $174,075   $89,637 
Less: allowance for expected credit losses   (6,598)   (3,055)
Total accounts receivable, net  $167,477   $86,582 

 

Details of the changes of the expected credit loss provision are as follows:

 

   Years ended December 31, 
   2025   2024   2023 
Beginning of the period  $3,055   $3,769   $1,015 
Provision (reversal) for the year   3,403    (493)   2,731 
Foreign exchange realignment   140    (221)   23 
End of the period  $6,598   $3,055    3,769 

 

As of December 31, 2025 and 2024, the majority of accounts receivable is due to corporate customers with long-term relationships. The Company recognized the impairment of expected credit loss for accounts receivable of $3,403, $493 in recoveries and $2,731 for the years ended December 31, 2025, 2024 and 2023.