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ADVANCE TO SUPPLIERS, NET
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Advance To Suppliers Net    
ADVANCE TO SUPPLIERS, NET

5. ADVANCE TO SUPPLIERS, NET

 

   June 30,   December 31, 
   2025   2024 
Advances to Suppliers  $9,643,135    16,546,521 
Less: allowance for credit losses   -    - 
Advances to Suppliers, net  $9,643,135    16,546,521 

 

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

 

   June 30,   December 31, 
   2025   2024 
Balance as of the beginning of year  $-    269,740 
Additions charged to credit losses   -    - 
Effect of disposal subsidiaries   -    (269,740)
Balance as of the end of year  $-    - 

 

As of June 30,2025 and December 31, 2024, the Company has advances to suppliers, net of $9,643,135 and $16,546,521. The allowance for credit loss was nil and nil as of June 30,2025 and December 31, 2024.

 

6. ADVANCE TO SUPPLIERS, NET

 

   December 31,   December 31, 
   2024   2023 
Advances to Suppliers  $16,546,521    1,044,207 
Less: allowance for credit losses   -    (269,740)
Advances to Suppliers, net  $16,546,521    774,467 

 

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

 

   December 31,   December 31, 
   2024   2023 
Balance as of the beginning of year  $269,740    66,010 
Additions charged to credit losses   -    203,730 
Effect of disposal subsidiaries   (269,740)   - 
Balance as of the end of year  $-    269,740 

 

As of December 31, 2024 and 2023, the Company has advances to suppliers, net of $16,546,521 and $774,467. The aging of advances to suppliers were all less than 30 days. The allowance for doubtful accounts was nil and $269,740 as of December 31, 2024 and 2023.