NOTE 5 – ACCOUNTS RECEIVABLE, NET Accounts receivable is net of allowance for expected credit losses. | | | As of | | | | | September 30,
2026 | | | December 31,
2025 | | | Accounts receivable | | $ | 27,092,415 | | | $ | 17,272,509 | | | Less: allowance for expected credit losses | | | (58,411 | ) | | | (16,030 | ) | | Accounts receivable, net | | $ | 27,034,004 | | | $ | 17,256,479 | | Changes in the allowance for expected credit losses are as follows: | | | For the
nine months ended
September 30,
2026 | | | For the
Year Ended December 31,
2025 | | | | | | | | | | | Beginning balance | | $ | 16,030 | | | $ | - | | | Additional provision charged to expense | | | 40,980 | | | | 15,596 | | | Effect of foreign exchange change | | | 1,401 | | | | 434 | | | Ending balance | | $ | 58,411 | | | $ | 16,030 | |
|