v3.26.3
Accounts Receivable, Net
 6 Months Ended
Jun. 30, 2026
Accounts Receivable, Net [Abstract]  
ACCOUNTS RECEIVABLE, NET
4. ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net consisted of the following:

 

    As of
December 31,		     As of
June 30,		  
    2025     2026  
    (Audited)     (Unaudited)  
Accounts receivable   $ 86,384     $ 83,169  
Allowance for credit losses     (26,617 )     (26,850 )
Accounts receivable, net   $ 59,767     $ 56,319  

 

The Group recognized credit losses of $6,278 for the six months ended June 30, 2025 and reversed credit losses of $576 for the six months ended June 30, 2026.

 

The movement of allowance for credit losses for the six months ended June 30, 2025 and 2026 were as follows:

 

   

For the six months ended

June 30,

  
    2025     2026  
    (Unaudited)     (Unaudited)  
Balance at the beginning of the period   $ 21,862     $ 26,617  
Additions     6,278       -  
Decrease     -       (576 )
Foreign currency translation     491       809  
Balance at the end of the period   $ 28,631     $ 26,850