v3.26.1
Other receivables, net
12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Other receivables, net

Note 8 – Other receivables, net

 

Other receivables, net consist of the following:

 

                 
    December 31, 2025   December 31, 2024
         
Receivables from sales of short-term investment   $ 1,888,662     $ 1,888,662  
Others     249,410       147,952  
Total other receivables   $ 2,138,072     $ 2,036,614  
Less: Allowance for expected credit losses     (1,888,662 )     (1,888,662 )
Total other receivables, net   $ 249,410     $ 147,952  

 

The Company does not require collateral for other receivables. The Company maintains an allowance for its doubtful accounts receivable due to estimated credit losses, and all the allowance for credit losses are accrued directly to the receivables from sales of short-term investment in the year ended December 31, 2023. The Company records the allowance for expected credit loss through the consolidated statements of operations and comprehensive income (loss), included in allowance for credit losses, up to the amount of receivables recognized to date. Receivables are written off and charged against the recorded allowance when the Company has exhausted collection efforts without success.