Note 3 – Accounts receivable, net
Accounts receivable, net consist of the following:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
| | |
| |
| Accounts receivable | |
$ | 9,053,031 | | |
$ | 19,735,072 | |
| Allowance for credit loss | |
| (270,133 | ) | |
| (614,024 | ) |
| Total accounts receivable, net | |
$ | 8,782,898 | | |
$ | 19,121,048 | |
Movements of allowance for credit loss are as
follows:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
| | |
| |
| Beginning balance | |
$ | 614,024 | | |
$ | 547,742 | |
| (Recovery of) Provision | |
| (269,644 | ) | |
| 82,415 | |
| Release of allowance due to disposal of subsidiaries | |
| (91,103 | ) | |
| - | |
| Exchange rate effect | |
| 16,856 | | |
| (16,133 | ) |
| Ending balance | |
$ | 270,133 | | |
$ | 614,024 | |
|