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ACCOUNTS RECEIVABLE, NET
6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
ACCOUNTS RECEIVABLE, NET

6.       ACCOUNTS RECEIVABLE, NET

      
  

June 30,

2026

 

December 31,

2025

       
Accounts receivable – third parties  $300,772   $479,271 
Less: allowance for expected credit losses        
Accounts receivable, net  $300,772   $479,271 

 

The Company generally conducts its business with creditworthy third parties. The Company determines, on a continuing basis, the probable losses and an allowance for expected credit losses, based on several factors including internal risk ratings, customer credit quality, payment history, historical bad debt/write-off experience and forecasted economic and market conditions. Accounts receivable are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. In addition, receivable balances are monitored on an ongoing basis and its exposure to bad debts is not significant.

 

No allowance for expected credit losses was recognized for the three and six months ended June 30, 2026 and 2025.