NOTE 5 — ADVANCE TO VENDORS, NET
Advance to vendors, net consists of the following:
| | |
March 31, | | |
March 31, | |
| | |
2026 | | |
2025 | |
| Prepayment for goods | |
$ | 3,187,563 | | |
$ | 1,703,313 | |
| Other prepayments | |
| 123,195 | | |
| 14,318 | |
| Less: allowance for doubtful accounts | |
| (879,128 | ) | |
| (266,351 | ) |
| Advance to vendors, net | |
$ | 2,431,630 | | |
$ | 1,451,280 | |
Allowance for doubtful accounts for advance to
vendors movement is as follows:
| | |
For the Year Ended
March 31, | |
| | |
2026 | | |
2025 | |
| Beginning balance | |
$ | 266,351 | | |
$ | 175,135 | |
| Additions | |
| 633,427 | | |
| 92,604 | |
| Written off | |
| (51,064 | ) | |
| - | |
| Foreign currency translation adjustments | |
| 30,414 | | |
| (1,388 | ) |
| Ending balance | |
$ | 879,128 | | |
$ | 266,351 | |
|