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Accounts Receivable, Net

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Accounts Receivable, Net

Note 3 — Accounts receivable, net

Accounts receivable, net consisted of the following:

​

​	​	​	​	​	​	​
​	​	As of		​	As of
​	​	December 31, 2023		​	December 31, 2022
​		USD			USD
​	​	​		​	​
Accounts receivable	​	$	17,184,706	​	$	16,330,540
Allowance for credit losses	​		(244,879)	​		(438,843)
Accrued defective return and discount	​		(744,284)	​		(1,595,838)
Accounts receivable, net	​	$	16,195,543	​	$	14,295,859

​

Movements of allowance for credit losses are as follows:

​

​	​	​	​	​	​	​
​	​	For the Year Ended		​	For the Year Ended
​	​	December 31,		​	December 31,
​	​	2023		​	2022
​		USD			USD
​	​	​		​	​
Beginning balance	​	$	438,843	​	$	177,462
Addition	​		78,640	​		261,381
Write-off	​	​	(272,604)	​	​	—
Ending balance	​	$	244,879	​	$	438,843

​

Movements of accrued defective return and discount accounts are as follows:

​

​	​	​	​	​	​	​
​	​	For the Year Ended		​	For the Year Ended
​	​	December 31,		​	December 31,
​	​	2023		​	2022
​		USD			USD
​	​	​		​	​
Beginning balance	​	$	1,595,838	​	$	3,292,101
Provision	​		(851,554)	​		(1,696,263)
Ending balance	​	$	744,284	​	$	1,595,838

X

- Definition

The entire disclosure for claims held for amounts due a 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

+ Details

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X

- References

No definition available.

+ Details

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