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PREPAYMENTS AND DEPOSITS | 12 Months Ended
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Dec. 31, 2024
Prepayments And Deposits |
PREPAYMENTS AND DEPOSITS | 8. PREPAYMENTS AND DEPOSITS SCHEDULE OF PREPAID EXPENSES AND DEPOSITS
|  | 2024 |  |  | 2023 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Prepaid expenses |  | $ | 522,460 |  |  | $ | 123,809 |
Deposits to suppliers |  |  | 131,480 |  |  |  | 91,997 |
Subtotal |  |  | 653,940 |  |  |  | 215,806 |
Less: Allowance for credit losses |  |  | (67,768 | ) |  |  | - |
Total |  | $ | 586,172 |  |  | $ | 215,806 |
Movements of allowance for credit losses are as follows: SCHEDULE OF CHANGES IN ALLOWANCE FOR DOUBTFUL ACCOUNTS
|  | 2024 |  |  | 2023 |
|  | For the years ended December 31, |
|  | 2024 |  |  | 2023 |
Beginning balance |  | $ | - |  |  | $ | - |
Addition |  |  | 67,091 |  |  |  | - |
Exchange rate effect |  |  | 677 |  |  |  | - |
Ending balance |  | $ | 67,768 |  |  | $ | - |
AGAPE ATP CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Currency expressed in United States Dollars (“US$”), except for number of shares)

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