Accounts receivable

6 Months Ended

Jun. 30, 2026

Notes and other explanatory information [abstract]

Accounts receivable

6. Accounts receivable

Schedule of accounts receivable

		As of				As of
		June 30, 2026				December 31, 2025
Accounts receivable		$	5,761,466			$	3,910,735
Less: Allowance for expected credit loss (Note 27 (c))			(331,761	)			(331,761	)
Total accounts receivable net		$	5,429,705			$	3,578,974

(a) The Group’s credit term granted to customers is 60 to 90 days or partial receipt in advance. Receivables do not bear interest. The allowance for expected credit loss is determined based on the credit quality of customers.

(b) The ageing analysis of accounts receivable and that were past due:

Schedule of maturity analysis

		As of				As of
		June 30, 2026				December 31, 2025
Not past due		$	984,881			$	1,764,589
Up to 30 days			937,852				249,410
31 to 90 days			68,626				1,558,011
91 to 180 days			597,106				5,499
Over 180 days			2,841,240				1,465
Accounts receivable, net		$	5,429,705			$	3,578,974

(c) As of June 30, 2026 and December 31, 2025, accounts receivable were all from contracts with customers.

(d) Without taking into account of any collateral held or other credit enhancements, the amount that best reflects the Group’s maximum exposure to credit risk in respect of the accounts receivable is the carrying amount at the end of each reporting period.

(e) No accounts receivable of the Group were pledged to others.