NOTE 4 - INVENTORIES Inventories consisted of the following: | | | As of
June 30, | | | As of
December 31, | | | | | 2026 | | | 2025 | | | | | (Unaudited) | | | | | | Raw material | | $ | 155,060 | | | $ | 96,982 | | | Work in process | | | 204,005 | | | | 199,127 | | | Goods in transit | | | 1,540,427 | | | | 1,424,186 | | | Inventories provision | | | (249,664 | ) | | | (161,476 | ) | | Total inventories | | $ | 1,649,828 | | | $ | 1,558,819 | | The movements of provision for inventory were as follows: | | | For the Six Months Ended
June 30, | | | | | 2026 | | | 2025 | | | | | (Unaudited) | | | (Unaudited) | | | Balance at the beginning of the period | | $ | (161,476 | ) | | $ | (72,787 | ) | | Provision during the six months period | | | (82,031 | ) | | | - | | | Foreign exchange difference | | | (6,157 | ) | | | (303 | ) | | Balance at the end of the period | | $ | (249,664 | ) | | $ | (73,090 | ) | The goods in transit to customers are still included in the inventory until the customer inspected and confirmed acceptance. Once obtaining the customer’s acceptance notice, the balance of goods in transit will be recognized in cost of revenues.
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