NOTE 3 – ACCOUNTS RECEIVABLE, NET Accounts receivable, net consisted of the following: | | | As of June 30, | | | | | 2026 | | | 2025 | | | Trade accounts receivable | | | 42,652,919 | | | | 45,211,498 | | | Less: allowance for credit losses | | | (192,827 | ) | | | (320,337 | ) | | Accounts receivable, net | | | 42,460,092 | | | | 44,891,161 | | The movement of the allowance for credit losses is as follows: | | | For the year ended | | | | | 2026 | | | 2025 | | | Balance at beginning of the year | | | 320,337 | | | | 398,880 | | | Provision for credit losses | | | 128,931 | | | | 27,406 | | | Recovery of accounts receivable | | | (256,441 | ) | | | (107,191 | ) | | Foreign currency translation adjustments | | | - | | | | 1,242 | | | Balance at end of the year | | | 192,827 | | | | 320,337 | |
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