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Note 3 - Accounts and notes receivable, net
12 Months Ended
Dec. 31, 2024
Notes  
Note 3 - Accounts and notes receivable, net

Note 3 – Accounts and notes receivable, net

 

 

 

As of

December 31,

2024

 

 

As of

December 31,

2023

 

 

 

 

 

 

 

 

Accounts receivable

 

$

2,605,556

 

 

$

3,960,409

 

Notes receivable

 

 

322,908

 

 

 

86,623

 

Allowance for credit losses

 

 

(534,562)

 

 

 

(472,293

)

Total accounts and notes receivable, net

 

$

2,393,902

 

 

$

3,574,739

 

 

Movements of allowance for credit losses of accounts and notes receivables are as follows:

  

 

 

For the Years Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

472,293

 

 

$

303,311

 

 

$

310,968

 

Addition

 

 

77,399

 

 

 

178,118

 

 

 

16,394

 

Exchange rate effect

 

 

(15,130)

 

 

 

(9,136

)

 

 

(24,051

Ending balance

 

$

534,562

 

 

$

472,293

 

 

$

303,311