Note 4. ACCOUNTS RECEIVABLE, NET
The Company’s net accounts receivable are
as follows:
| | |
September 30, | | |
June 30, | |
| | |
2023 | | |
2023 | |
| Trade accounts receivable | |
$ | 3,498,518 | | |
$ | 3,487,293 | |
| Less: allowances for credit losses | |
| (3,284,352 | ) | |
| (3,288,740 | ) |
| Accounts receivable, net | |
$ | 214,166 | | |
$ | 198,553 | |
Movement of allowance for credit losses are as
follows:
| | |
September 30, | | |
June 30, | |
| | |
2023 | | |
2023 | |
| Beginning balance | |
$ | 3,288,740 | | |
$ | 3,413,110 | |
| Provision for credit losses, net of recovery | |
| - | | |
| - | |
| Write-off/recovery | |
| - | | |
| - | |
| Exchange rate effect | |
| (4,388 | ) | |
| (124,370 | ) |
| Ending balance | |
$ | 3,284,352 | | |
$ | 3,288,740 | |
|