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Accounts Receivable, Net

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Accounts Receivable, Net

Note 3 — Accounts receivable, net

Accounts receivable, net consisted of the following:

​

​	​	​	​	​	​	​
​	​	As of		​	As of
​	​	June 30, 2024		​	December 31, 2023
​		USD			USD
​	​	​		​	​
Accounts receivable	​	$	19,106,270	​	$	17,184,706
Allowance for credit losses	​		(218,443)	​		(244,879)
Accrued defective return and discount	​		(1,298,432)	​		(744,284)
Accounts receivable, net	​	$	17,589,395	​	$	16,195,543

​

Movements of allowance for credit losses are as follows:

​

​	​	​	​	​	​	​
​	​	For the Six Months Ended		​	For the Year Ended
​	​	June 30,		​	December 31,
​	​	2024		​	2023
​		USD			USD
​	​	​		​	​
Beginning balance	​	$	244,879	​	$	438,843
Provision (recovery)	​		(6,523)	​		78,640
Write-off	​	​	(19,913)	​	​	(272,604)
Ending balance	​	$	218,443	​	$	244,879

​

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

​

​	​	​	​	​	​	​
​	​	For the Six Months Ended		​	For the Year Ended
​	​	June 30,		​	December 31,
​	​	2024		​	2023
​		USD			USD
​	​	​		​	​
Beginning balance	​	$	744,284	​	$	1,595,838
Provision (recovery)	​		554,148	​		(851,554)
Ending balance	​	$	1,298,432	​	$	744,284

X

- Definition

The entire disclosure for claims held for amounts due to 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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

+ Details

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Period Type:	duration

X

- References

No definition available.

+ Details

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