5. ADVANCE TO SUPPLIERS, NET
Advance to suppliers, net consisted of the following:
|
|
|
As of December 31,
|
| |
|
2025
|
|
2024
|
|
Advance to suppliers
|
|
$
|
43,366 |
|
|
$
|
43,194 |
|
|
Less: impairment loss
|
|
|
(43,366 |
)
|
|
|
(43,051 |
)
|
|
Advance to suppliers, net
|
|
$
|
—
|
|
|
$
|
143 |
|
The movement of impairment loss 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
|
|
$
|
43,051 |
|
|
$
|
42,523 |
|
|
$
|
—
|
|
Addition during the period
|
|
|
820 |
|
|
|
1,546 |
|
|
|
42,478 |
|
Reversal during the period
|
|
|
(693 |
)
|
|
|
(897 |
)
|
|
|
—
|
|
Effect of exchange rate differences
|
|
|
188 |
|
|
|
(121 |
)
|
|
|
45 |
|
Balance at the end of the year
|
|
$
|
43,366 |
|
|
$
|
43,051 |
|
|
$
|
42,523 |
|