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ACCOUNTS RECEIVABLE, NET
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Receivables [Abstract]    
ACCOUNTS RECEIVABLE, NET

3. ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net consisted of the following:

 

   US$   US$ 
   As of 
   December 31, 2025   June 30, 2026 
   US$   US$ 
Accounts receivable   1,181,478    1,165,706 
Less: provision for credit loss   (87,880)   (87,223)
Total accounts receivable, net   1,093,598    1,078,483 

 

The movement of the provision of allowance for expected credit losses is as follows:

 

   2025   2026 
   For the six months ended June 30, 
   2025   2026 
   US$   US$ 
Balance at the beginning of the period   -    (87,880)
Additions   -    - 
Foreign currency translation   -    657 
Balance at the end of the period   -    (87,223)

 

For the six months ended June 30, 2025 and 2026, the Group didn’t record any provision for credit losses on accounts receivable.

 

 

5.ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net consisted of the following:

       
   As of December 31, 
   2024   2025 
   US$   US$ 
Accounts receivable   -    1,181,478 
Less: provision for credit loss   -    (87,880)
Total accounts receivable, net   -    1,093,598 

 

For the years ended December 31, 2024 and 2025, the Group didn’t record any provision for credit losses on accounts receivable. The provision for credit losses as of December 31, 2025 were consisted of bad debt accrued by Times Express Limited before the Group acquired Times Express Limited.