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TRADE RECEIVABLES (Tables)
12 Months Ended
Dec. 31, 2024
TRADE RECEIVABLES  
Schedule of Trade Receivables

 

 

As of

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Trade receivables

 

 

1,894,448

 

 

 

2,107,182

 

Allowances for expected credit losses 

 

 

(508,542)

 

 

(1,314,427)

Foreign translation differences     

 

 

(9,335)

 

 

6,919

 

Total trade receivables, net

 

$1,376,571

 

 

$799,674

 

Schedule of trade receivables allowance

 

 

As of

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

At January 1, 2024 and January 1, 2023

 

 

1,307,508

 

 

 

-

 

Impacts arising from application of Topic 326

 

 

-

 

 

 

371,627

 

At January 1, 2024 and January 1, 2023, (restated)

 

 

1,307,508

 

 

 

371,627

 

Provision for expected credit losses 

 

 

883,533

 

 

 

942,800

 

Recoveries for expected credit losses 

 

 

(1,689,412)

 

 

-

 

Foreign translation differences     

 

 

16,258

 

 

 

(6,919)

At December 31, 2024 and 2023

 

$517,877

 

 

$1,307,508