v3.26.1
Accounts Receivable, Net
12 Months Ended
Dec. 31, 2025
Accounts Receivable, Net [Abstract]  
Accounts receivable, net
4. Accounts receivable, net

 

Accounts receivable, net, consist of the following:

 

   As of December 31, 
   2024   2025 
    USD    USD 
Accounts receivable associated with prepaid payment network services  $482,238   $578,427 
Less: Allowance for credit losses   (430,348)   (503,353)
Accounts receivable, net  $51,890   $75,074 

 

The Group’s accounts receivable are service fees generated through providing prepaid payment network services to customers. As of December 31, 2024 and 2025, the Group had accounts receivable net of $51,890 and $75,074, respectively. The allowance for credit losses of accounts were $430,348 and $503,353 as of December 31, 2024 and 2025.

 

Allowance for credit losses of accounts movement:

 

   For the years ended
December 31,
 
   2024   2025 
Beginning balance  $194,252   $430,348 
Additions   236,096    73,005 
Ending balance  $430,348   $503,353