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Inventories, Net
12 Months Ended
Dec. 31, 2025
Inventories, Net [Abstract]  
INVENTORIES, NET

NOTE 5 – INVENTORIES, NET

 

As of December 31, 2025 and 2024, inventories consisted of the following.

 

   2025   2024 
         
Purchased goods  $97,399   $171,227 
Less: reserve for obsolete inventories   (17,988)   (16,756)
Total  $79,411   $154,471 

 

The following table shows the movements in the reserve for obsolete inventories during the years ended December 31, 2025, 2024 and 2023.

 

   2025   2024   2023 
             
Balance at January 1  $16,756   $17,234   $12,011 
Additions, net of write-off   499    
-
    5,559 
Foreign exchange difference   733    (478)   (336)
Balance at December 31  $17,988   $16,756   $17,234 

 

The Company established a reserve for 100% of its GTDs inventory in light of the introduction of the free electronic invoice platform by the tax bureau. The reserve for GTDs inventory was fully written off in 2025. The allowance as of December 31, 2025 was related mainly to the Company’s network switches and routers.