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ACCOUNTS RECEIVABLE, NET
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Credit Loss [Abstract]    
ACCOUNTS RECEIVABLE, NET

4. ACCOUNTS RECEIVABLE, NET

   June 30,   December 31, 
   2025   2024 
Accounts receivable  $2,140,010    1,428,805 
Less: allowance for credit losses   (1,455,871)   (1,428,805)
Accounts receivable, net  $684,139    - 

 

The movement of the allowance for credit losses was as follows:

 

   

   June 30,   December 31, 
   2025   2024 
Balance as of the beginning of period  $1,428,805    407,480 
Additions charged to bad debt expense   -    1,428,805 
Effect of disposal subsidiaries   -    (407,480)
Translation adjustments   27,066    - 
Balance as of the end of period  $1,455,871    1,428,805 

 

As of June 30, 2025 and December 31, 2024, the Company has accounts receivable, net of $684,139 and nil. The allowance for doubtful accounts was $1,455,871 and $1,428,805 as of June 30, 2025 and December 31, 2024.

 

5. ACCOUNTS RECEIVABLE, NET

 

   December 31,   December 31, 
   2024   2023 
Accounts receivable  $1,428,805    3,281,974 
Less: allowance for credit losses   (1,428,805)   (407,480)
Accounts receivable, net  $-    2,874,494 

 

The movement of the allowance for credit losses was as follows:

 

   December 31,   December 31, 
   2024   2023 
Balance as of the beginning of year  $407,480    400,262 
Additions charged to bad debt expense   1,428,805    29,287 
Effect of disposal subsidiaries     (407,480 )    

-

  
Translation adjustments   -    (22,069)
Balance as of the end of year  $1,428,805    407,480 

 

As of December 31, 2024 and 2023, the Company has accounts receivable, net of nil and $2,874,494. The aging of account receivables were all less than 30 days. The allowance for doubtful accounts was $1,428,805 and $407,480 as of December 31, 2024 and 2023.