Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

TRADE RECEIVABLES

v3.25.4
TRADE RECEIVABLES
12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
TRADE RECEIVABLES

NOTE 6 — TRADE RECEIVABLES

 

SCHEDULE OF ACCOUNTS RECEIVABLE 

    2025     2024  
    As of December 31,  
    2025     2024  
             
Trade receivable, (gross)   $ 6,823,020     $ 7,620,758  
Less: Allowance for expected credit losses   (5,700,032 )     (5,967,520 )
Trade receivable, net   $ 1,122,988     $ 1,653,238  

 

The changes in the allowance for expected credit losses are as follows:

 

SCHEDULE OF PROVISION FOR DOUBTFUL ACCOUNTS 

    2025     2024  
    For the Years Ended December 31,  
    2025     2024  
             
Balance at the beginning of the year   $ 5,967,520     $ 6,542,904  
Add: Additions     33,141       -  
Less: Reversals     (300,629 )     (575,384 )
Balance at the end of the year   $ 5,700,032     $ 5,967,520