Loan receivable, net consisted
of the following:
| | |
As of December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Unsecured loan receivable from third parties (1) | |
$ | 1,028,825 | | |
$ | 1,625,914 | |
| Allowance for credit losses | |
| (285,504 | ) | |
| (273,999 | ) |
| Loan receivable, net | |
$ | 743,321 | | |
$ | 1,351,915 | |
| (1) | As of December 31, 2025 and 2024, loans to third parties represent the balance the Group lend to various third-parties for their working capital needs at interest rate of 0%-5% per annum and due on demand. |
|