| SCHEDULE OF ACCOUNTS RECEIVABLE, NET |
Accounts
receivable, net consisted of the following:
SCHEDULE OF ACCOUNTS RECEIVABLE, NET
| | |
2025 | | |
2024 | |
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| | |
$’000 | | |
$’000 | |
| | |
| | |
| |
| Accounts receivable: | |
| | | |
| | |
| Accounts receivable – Third parties | |
| 10,513 | | |
| 13,078 | |
| Accounts receivable – Related parties | |
| 2,630 | | |
| 3,140 | |
| Accounts receivable | |
| 2,630 | | |
| 3,140 | |
| Less: allowance for current expected credit losses | |
| (2,578 | ) | |
| (1,665 | ) |
| | |
| | | |
| | |
| Accounts receivable, net | |
| 10,565 | | |
| 14,553 | |
| | |
2025 | | |
2024 | |
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| | |
$’000 | | |
$’000 | |
| | |
| | |
| |
| Current | |
| 3,633 | | |
| 3,891 | |
| Between 1 and 30 days | |
| 2,512 | | |
| 2,294 | |
| Between 31 and 60 days | |
| 1,300 | | |
| 1,451 | |
| Between 61 and 90 days | |
| 481 | | |
| 542 | |
| Between 91 and 120 days | |
| 246 | | |
| 468 | |
| Between 121 and 365 days | |
| 983 | | |
| 1,438 | |
| Over 365 days | |
| 3,987 | | |
| 6,134 | |
| | |
| | | |
| | |
| Accounts receivable | |
| 13,142 | | |
| 16,218 | |
|
| SCHEDULE OF ALLOWANCE FOR CURRENT EXPECTED CREDIT LOSSES |
The
following table presents the activities in the allowance for current expected credit losses as of December 31, 2025 and 2024.
SCHEDULE OF ALLOWANCE FOR CURRENT EXPECTED CREDIT LOSSES
| | |
2025 | | |
2024 | |
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| | |
$’000 | | |
$’000 | |
| | |
| | |
| |
| Beginning balance | |
| 1,665 | | |
| 774 | |
| Additions | |
| 800 | | |
| 907 | |
| Foreign exchange translation adjustment | |
| 113 | | |
| (16 | ) |
| | |
| | | |
| | |
| Ending balance | |
| 2,578 | | |
| 1,665 | |
|