INVENTORIES |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORIES | NOTE 4 — INVENTORIES
Inventories consist of the following:
inventory impairment provision was recorded for the three or six months ended June 30, 2026 or 2025.
The inventory allowance movement is as follows:
As of June 30, 2026 and December 31, 2025, inventories with carrying amounts of approximately $15,113,957 and $17,469,430, respectively, were pledged under the Company’s line of credit facility with Cathay Bank.
MASSIMO GROUP AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
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