Note
3 – Accounts receivable, net
Accounts
receivable, net consist of the following:
Schedule of accounts receivable
| | |
As
of June
30, 2026 | | |
As
of December
31, 2025 | |
| | |
| US$ | | |
| US$ | |
| Accounts
receivable | |
$ | 588,081 | | |
$ | 1,199,410 | |
| Less:
Allowance for credit losses | |
| - | | |
| (52,694 | ) |
| Accounts
receivable, net | |
$ | 588,081 | | |
$ | 1,146,716 | |
Movements
of allowance for credit losses are as follows:
Schedule of allowance for credit losses
| | |
June
30, 2026 | | |
December
31, 2025 | |
| | |
US$ | | |
US$ | |
| Beginning
balance | |
$ | 52,694 | | |
$ | 22,336 | |
| Allowance
for credit losses | |
| - | | |
| 30,358 | |
| Recovery
of credit losses | |
| (18,522 | ) | |
| - | |
| Write-off | |
| (34,172 | ) | |
| - | |
| Ending
balance | |
$ | - | | |
$ | 52,694 | |
|