v3.26.1
INVENTORIES - NET
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Inventory Disclosure [Abstract]    
INVENTORIES - NET

 

4. INVENTORIES - NET

 

As of March 31, 2026 and December 31, 2025, the Company had inventory balances of $914,678 and $1,069,465, consisting of the following:

 

   March 31,
2026
(Unaudited)		   December 31,
2025

 

 

         
Purchased goods  $1,069,168   $1,274,700 
Freight-in costs   58,148    63,025 
Inventory   1,127,316    1,337,725 
Less: inventory impairment   (212,638)   (268,260)
Inventory, net  $914,678   $1,069,465 

 

For the three months ended March 31, 2026, the Company recognized an inventory provision of approximately $309 as inventory cost exceeded net realizable value and recorded reductions of approximately $55,931 related primarily to inventories sold or otherwise utilized during the period.

 

For the three months ended March 31, 2025, the Company recognized an inventory provision of $25,425, as the inventory cost value exceeded the net realizable value, and recorded a reduction of $271,546 for inventories that were removed, sold, or replaced under warranty.

 

The movement of inventory impairment provisions are summarized as follows:

 

   2026   2025 
   Three months ended 
   March 31, 
   2026   2025 
Balance at the beginning of the period  $268,260   $798,046 
Addition   309    25,425 
Deletion   (55,931)   (271,546)
Balance at the end of the period  $212,638   $551,925 

 

 

4. INVENTORIES - NET

 

As of December 31, 2025 and 2024, the Company had inventory balances of $1,069,465 and $3,555,876, consisting of the following:

 

   December 31,   December 31, 
   2025   2024 
         
Purchased goods  $1,274,700   $4,238,942 
Freight-in costs   63,025    114,980 
Inventory   1,337,725    4,353,922 
Less: inventory impairment   (268,260)   (798,046)
Inventory, net  $1,069,465   $3,555,876 

 

For the year ended December 31, 2025, the Company recognized an inventory impairment provision of $163,037, as the inventory cost exceeded its net realizable value, and recorded a reduction of $692,823 for inventories that were removed, sold, or replaced under warranty. For the year ended December 31, 2024, the Company recognized an inventory impairment provision of $1,326,355. The movement of inventory impairment provisions for the years ended December 31, 2025 and 2024 is summarized as follows:

 

           
   Years ended 
   December 31, 
   2025   2024 
Balance at the beginning of the year  $798,046   $- 
Addition   163,037    1,326,355 
Deletion   (692,823)   (528,309)
Balance at the end of the year  $268,260   $798,046