v3.26.1
ACCOUNTS RECEIVABLE
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
ACCOUNTS RECEIVABLE

4. ACCOUNTS RECEIVABLE

  

As of

June 30, 2026

(Unaudited)

  

As of

December 31, 2025

(Audited)

 
Accounts receivable, gross  $115,000   $115,000 
Allowance for expected credit loss   (115,000)   (115,000)
Accounts receivable, net  $-   $- 

 

The movement in the allowance for expected credit loss for the period ended June 30, 2026 and year ended December 31, 2025 were as follows:

  

As of

June 30, 2026

(Unaudited)

  

As of

December 31, 2025

(Audited)

 
Balance at beginning of the period/year  $115,000   $115,000 
Additions of allowance   -    - 
Balance at end of the period/year  $115,000   $115,000 

 

The accounts receivable represents receivable amount from companies where the Company owns equity interest, which are trade in nature and subject to normal trade term.