v3.26.3
Inventories, Net
6 Months Ended
Jun. 30, 2026
Inventories, Net [Abstract]  
INVENTORIES, NET

NOTE 5 – INVENTORIES, NET

 

At June 30, 2026 and December 31, 2025, inventories consisted of the following.

 

   

June 30,

2026

   

December 31,

2025

 
    (Unaudited)        
Purchased goods   $ 106,150     $ 97,399  
Less: reserve for obsolete inventories     (20,582 )     (17,988 )
Total   $ 85,568     $ 79,411  

 

The following table describes the movements in the reserve for obsolete inventories during the six months ended June 30, 2026 and 2025.

 

    2026     2025  
    (Unaudited)     (Unaudited)  
Balance at December 31,   $ 17,988     $ 16,756  
Reserve for obsolete inventories     2,019       3,832  
Foreign exchange difference     575       365  
Balance at June 30 (Unaudited)   $ 20,582     $ 20,953  

 

The Company established a reserve for 100% of its GTDs inventory in light of the introduction of the free electronic invoice platform by the tax bureau. Such reserve for GTDs inventory was fully written off in 2025. The allowance as of June 30, 2026 was related mainly to the Company’s network switches and routers.