3. ACCOUNTS
RECEIVABLE, NET
Accounts receivable, net consists of following balance:
| Schedule of Accounts receivable, net |
|
|
|
|
| |
|
As of |
| |
|
December 31, 2025 |
|
June 30, 2026 |
| |
|
$US |
|
$US |
| |
|
|
|
(Unaudited) |
| Accounts receivables |
|
|
16,111,717 |
|
|
|
15,785,944 |
|
| Less: provision for credit loss |
|
|
137,041 |
|
|
|
141,243 |
|
| Total accounts receivable, net |
|
|
15,974,676 |
|
|
|
15,644,701 |
|
As of December 31, 2025 and June 30, 2026, there was
no accounts receivable pledged.
Details of the movements of provision for credit losses
are as follows:
| Schedule of provision for credit losses |
|
|
|
|
|
|
|
|
| |
|
As of |
| |
|
December 31, 2025 |
|
June 30, 2026 |
| |
|
$US |
|
$US |
| |
|
|
|
(Unaudited) |
| Balance at the beginning of the period |
|
|
18,431 |
|
|
|
137,041 |
|
| Provision for the period |
|
|
116,036 |
|
|
|
— |
|
| Write-off of credit loss |
|
|
(1,152 |
) |
|
|
— |
|
| Foreign currency translation adjustment |
|
|
3,726 |
|
|
|
4,202 |
|
| Balance at the end of the period |
|
|
137,041 |
|
|
|
141,243 |
|
|