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ACCOUNTS RECEIVABLE, NET

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

NOTE 3 — ACCOUNTS RECEIVABLE, NET

Accounts receivable consists of the following:

SCHEDULE OF ACCOUNTS RECEIVABLE 

		December 31, 2024 (restated)				December 31, 2023
Accounts receivable		$	5,210,829			$	10,123,805
Less: allowance for credit loss			(384,192	)			(557,360	)
Accounts receivable, net		$	4,826,637			$	9,566,445

The Company recorded a reversal of allowance for credit loss of $173,168 and an addition of allowance for credit loss of $203,301 for the years ended December 31, 2024 and 2023, respectively. The Company wrote off uncollectible accounts receivable of $nil and $598,434 from one customer for the years ended December 31, 2024 and 2023, respectively.

The movement of allowance for credit loss are as follow:

SCHEDULE OF MOVEMENT OF ALLOWANCE FOR CREDIT LOSS

		December 31, 2024 (restated)				December 31, 2023
Beginning balance		$	557,360			$	354,059
(Reversal of) addition of provision			(173,168	)			203,301
Ending balance		$	384,192			$	557,360

The Company’s accounts receivable balances as of December 31, 2024 and 2023 are pledged for its line of credit facility at Cathay Bank and Midfirst Bank (See Note 12).

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- Definition

The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/310-10/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

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X

- References

No definition available.

+ Details

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