5.
Accounts Receivable, Net
As
of June 30, 2026 and December 31, 2025, accounts receivable consisted of the following balances:
Schedule
of Accounts Receivable
| | |
June 30, 2026 | | |
December 31,
2025 | |
| | |
As of | |
| | |
June 30, 2026 | | |
December 31,
2025 | |
| | |
(Unaudited) | | |
(Audited) | |
| Third parties | |
| | | |
| | |
| Accounts receivable related to sales of marine fuels | |
$ | 31,225,656 | | |
$ | 26,266,112 | |
| Less: allowance for credit losses | |
| (10,423 | ) | |
| (10,423 | ) |
| Total accounts receivable, net | |
$ | 31,215,233 | | |
$ | 26,255,689 | |
Uni-Fuels
Holdings Limited
Notes
to Unaudited Condensed Consolidated Financial Statements
For
the Six Months Ended June 30, 2026 and 2025
5.
Accounts Receivable, Net (continued)
The
movement of allowance for credit losses is as follow:
Schedule
of Allowance for Expected Credit Losses
| | |
2026 | | |
2025 | |
| | |
For the Six Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Beginning balance at January 1, 2026 and 2025 | |
$ | 10,423 | | |
$ | 10,423 | |
| Recovery of credit losses | |
| - | | |
| - | |
| Ending balance at June 30, 2026 and 2025 | |
$ | 10,423 | | |
$ | 10,423 | |
|