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

4. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

 

As of December 31,

   

2025

 

2024

Accounts receivable

 

$

5,333

 

 

$

5,333

 

Less: Allowance for expected credit losses

 

 

(5,333

)

 

 

(5,333

)

Accounts receivable, net

 

$

 

 

$

 

As of December 31, 2025 and 2024, the accounts receivable remained outstanding assessed as uncollectible and a full allowance for expected credit losses had been recognized.

The movement of allowance for credit losses for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

For the years ended December 31,

   

2025

 

2024

 

2023

Balance at the beginning of the year

 

$

5,333

 

$

7,777

 

 

$

Addition during the year

 

 

 

 

1,493

 

 

 

7,766

Written off during the year

 

 

 

 

(3,951

)

 

 

Effect of exchange rate differences

 

 

 

 

14

 

 

 

11

Balance at the end of the year

 

$

5,333

 

$

5,333

 

 

$

7,777