v3.26.1
Accounts receivable, net
12 Months Ended
Dec. 31, 2025
Credit Loss [Abstract]  
Accounts receivable, net

Note 7 – Accounts receivable, net

 

Accounts receivable, net consist of the following:

 

                 
    December 31, 2025   December 31, 2024
         
Trade accounts receivable   $ 3,786,213     $ 4,220,194  
Less: Allowance for expected credit losses     (332,334 )     (360,701 )
Total accounts receivable, net   $ 3,453,879     $ 3,859,493  

 

Movement of allowance for expected credit losses of the following:

 

                       
    December 31, 2025   December 31, 2024   December 31, 2023
             
Beginning balance   $ 360,701     $     $  
Addition     74,175              
Reversal     (117,141 )            
Foreign exchange adjustment     14,599              
Acquisition           360,701        
Ending balance   $ 332,334     $ 360,701     $  

 

The Company does not require collateral for, or interest on accounts receivable. The Company maintains an allowance for estimated credit losses, and when it is determined that they are uncollectible, the allowance for expected credit losses and corresponding receivables are written off.