v3.26.1
Accounts Receivable, Net
 3 Months Ended
Mar. 31, 2026
Accounts Receivable, Net [Abstract]  
ACCOUNTS RECEIVABLE, NET
4. ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net consisted of the following:

 

   As of
December 31,		  

As of

March 31,

 
   2025   2026 
   (Audited)   (Unaudited) 
Accounts receivable  $86,384   $71,211 
Allowance for credit losses   (26,617)   (25,113)
Accounts receivable, net  $59,767   $46,098 

 

The Group recognized credit losses of $1,130 for the three months ended March 31, 2025 and recorded reversed credit losses of $1,864 for the three months ended March 31, 2026.

 

The movement of allowance for credit losses for the three months ended March 31, 2025 and 2026 were as follows:

 

   For the three months ended
March 31,		 
   2025   2026 
   (Unaudited)   (Unaudited) 
Balance at the beginning of the period  $21,862   $26,617 
Additions   1,130    
-
 
Decrease   
-
    (1,864)
Foreign currency translation   131    360 
Balance at the end of the period  $23,123   $25,113