| Accounts Receivable, Net |
4.
Accounts Receivable, Net
The
Company extends credit terms of 15 to 60 days to the majority of its domestic customers, which include third-party distributors, supermarkets,
and wholesalers.
| | |
As of | |
| | |
June 30,
2026 | | |
December 31,
2025 | |
| | |
Unaudited | | |
| |
| Trade accounts receivable | |
$ | 1,125,432 | | |
$ | 918,569 | |
| Less: Allowance for credit losses | |
| (885,380 | ) | |
| (784,239 | ) |
| | |
$ | 240,052 | | |
$ | 134,330 | |
| Allowance for credit losses | |
| | | |
| | |
| Beginning balance | |
$ | (784,239 | ) | |
$ | (745,194 | ) |
| Additions to allowance | |
| (101,141 | ) | |
| (39,045 | ) |
| Ending balance | |
$ | (885,380 | ) | |
$ | (784,239 | ) |
The
following table summarizes the Company’s accounts receivable by aging bucket:
| | |
As of | |
| Accounts Receivable by aging bucket | |
June 30,
2026 | | |
December 31,
2025 | |
| Less than 3 months | |
$ | 18,469 | | |
$ | 138,422 | |
| From 4 to 6 months | |
| 169,397 | | |
| 573 | |
| From 7 to 12 months | |
| 142,371 | | |
| 1,098 | |
| From 1 to 2 years | |
| 2,262 | | |
| 3,005 | |
| From 2 to 3 years | |
| 6,911 | | |
| 7,140 | |
| Over 3 years | |
| 786,022 | | |
| 768,331 | |
| Total gross accounts receivable | |
| 1,125,432 | | |
| 918,569 | |
| Allowance for doubtful accounts | |
| (885,380 | ) | |
| (784,239 | ) |
| Accounts Receivable, net | |
$ | 240,052 | | |
$ | 134,330 | |
|