v3.26.3
INVENTORIES, NET
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORIES, NET

NOTE 5 - INVENTORIES, NET

 

   December 31, 2025   June 30, 2026 
   As of 
   December 31, 2025   June 30, 2026 
Inventories at warehouse  $2,003,528   $2,102,679 
Inventories at showroom   481,389    547,617 
Inventories, gross   2,484,917   2,650,296
Less: allowance for obsolete inventories   (1,007,472)   (1,186,691)
Goods in transit   8,122,045   8,554,600 
Inventory at subcontractor   -    102,312 
Total  $9,599,490   $10,120,517 

 

For the six months ended June 30, 2025 and 2026, the Company evaluated the probable losses on inventories and recorded the provision for allowance for obsolete inventories of $40,053 and $196,995, respectively.

 

 

HOMESTOLIFE LTD AND SUBSIDIARIES

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Currency expressed in United States Dollars (“US$”), except for number of shares)