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ACCOUNTS RECEIVABLE, NET | 12 Months Ended
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Dec. 31, 2022
Credit Loss [Abstract] |
ACCOUNTS RECEIVABLE, NET | NOTE－4 ACCOUNTS RECEIVABLE, NET Accounts receivable, net consisted of the following: SCHEDULE OF ACCOUNTS RECEIVABLE
|  | As of December 31, |
|  | 2022 |  |  | 2021 |
|  | $’000 |  |  | $’000 |
Accounts receivable – third parties |  |  | 8,293 |  |  |  | 5,667 |
Accounts receivable – related parties |  |  | 12 |  |  |  | 108 |
Less: allowance for doubtful accounts |  |  | (284 | ) |  |  | (83 | )
Accounts receivable, net |  |  | 8,021 |  |  |  | 5,692 |
For the financial years ended December 31, 2022 and 2021, the Company made no allowance for doubtful accounts and charged to the consolidated statements of operations. The Company has not experienced any significant bad debt write-offs of accounts receivable in the past. The Company generally conducts its business with creditworthy third parties. The Company determines, on a continuing basis, the probable losses and an allowance for doubtful accounts, based on several factors including internal risk ratings, customer credit quality, payment history, historical bad debt/write-off experience and forecasted economic and market conditions. Accounts receivable are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. In addition, receivable balances are monitored on an ongoing basis and its exposure to bad debts is not significant.

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI https://asc.fasb.org/topic&trid=2196771 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -URI https://asc.fasb.org/topic&trid=82887179 + Details
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- References No definition available. + Details
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