| Accounts Receivable, net Accounts receivable, net consisted of the following at December 31: | | | | | | | | | | | | | | | | | | | 2024 | | 2025 | | 2025 | | HK$ | | HK$ | | US$ | | Accounts receivable | 2,087,509 | | | 1,169,775 | | | 150,293 | | | Less: allowance for credit losses | (966,947) | | | (945,379) | | | (121,463) | | | Accounts receivable, net | 1,120,562 | | | 224,396 | | | 28,830 | |
The movement of allowance for credit losses is as follows: | | | | | | | | | | | | | | | | | | | 2024 | | 2025 | | 2025 | | HK$ | | HK$ | | US$ | | Balance at beginning of the year ended December 31 | 1,495,119 | | | 966,947 | | | 124,234 | | | Write-offs | (1,318,165) | | | - | | | - | | | Addition | 789,993 | | | 691 | | | 89 | | | Recovery | - | | | (22,259) | | | (2,860) | | | Balance at end of the year ended December 31 | 966,947 | | | 945,379 | | | 121,463 | |
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