NOTE
4 – ACCOUNTS RECEIVABLE, NET
Accounts
receivable, net consists of the following:
SCHEDULE OF ACCOUNTS RECEIVABLE, NET
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
As of | |
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
| | |
| |
| Accounts receivable | |
$ | 1,324,270 | | |
$ | 1,130,188 | |
| Less: allowance for expected credit losses | |
| (379,359 | ) | |
| (382,245 | ) |
| Accounts
receivable, net | |
$ | 944,911 | | |
$ | 747,943 | |
The
movement of allowances for expected credit losses is as follows:
SCHEDULE
OF ALLOWANCE FOR EXPECTED CREDIT LOSS
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
As of | |
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
| | |
| |
| Balance at beginning, January 1 | |
$ | (382,245 | ) | |
$ | (383,105 | ) |
| Allowance for expected credit losses | |
| — | | |
| — | |
| Foreign currency translation | |
| 2,886 | | |
| 860 | |
| Balance at end of period | |
$ | (379,359 | ) | |
$ | (382,245 | ) |
For
the period ended June 30, 2026 and December 31, 2025, the Company has assessed the expected credit losses and no additional allowance
was made.
|