v3.26.3
Accounts receivable, net
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
Accounts receivable, net

Note 5 – Accounts receivable, net

 

Accounts receivable, net consist of the following:

 

          
   June 30,
2026		  December 31,
2025
   (Unaudited)   
Trade accounts receivable  $284,871   $3,786,213 
Allowance for credit losses   (277,148)   (332,334)
Total accounts receivable, net  $7,723   $3,453,879 

 

Movement of allowance for credit losses consist of the following:

 

          
   June 30,
2026		  December 31,
2025
   (Unaudited)   
Beginning balance  $332,334   $360,701 
Addition   132    74,175 
Reverse   (64,769)   (117,141)
Foreign exchange adjustment   9,451    14,599 
Ending balance  $277,148   $332,334 

 

The Company does not require collateral for, or interest on accounts receivable. The Company maintains an allowance for estimated credit losses, and when it is determined that they are uncollectible, the allowance for credit losses and corresponding receivables are written off.