NOTE 3 - ACCOUNTS RECEIVABLE
Accounts receivable, net consisted of the following:
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| Trade accounts receivable | |
$ | 5,022,167 | | |
$ | 4,187,946 | |
| Less: allowance for credit losses | |
| (59,742 | ) | |
| (16,137 | ) |
| Accounts receivable, net | |
$ | 4,962,425 | | |
$ | 4,171,809 | |
The movement of allowance of credit losses is
as follows:
| | |
For the Years Ended
December 31, | |
| | |
2025 | | |
2024 | |
| Balance at the beginning of the year | |
$ | (16,137 | ) | |
$ | (23,064 | ) |
| Reversal (provision) during the year | |
| (42,548 | ) | |
| 6,650 | |
| Foreign exchange difference | |
| (1,057 | ) | |
| 277 | |
| Balance at end of the year | |
$ | (59,742 | ) | |
$ | (16,137 | ) |
|