| Inventories, net |
Note 5 – Inventories, net
Inventory consisted of the following:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
| | |
| |
| Goods in transit | |
$ | 788,031 | | |
$ | 2,406,357 | |
| Finished goods | |
| 6,218,207 | | |
| 7,087,294 | |
| Less: allowance of obsolete inventories | |
| (1,059,225 | ) | |
| (1,152,055 | ) |
| Inventories, net | |
$ | 5,947,014 | | |
$ | 8,341,596 | |
The movement of the allowance for obsolete inventories
was as follows:
| |
|
December 31,
2025 |
|
|
December 31,
2024 |
|
| Balance as of the beginning of year |
|
$ |
1,152,055 |
|
|
$ |
932,276 |
|
| (Reversals) additions |
|
|
(117,089 |
) |
|
|
235,674 |
|
| Translation adjustments |
|
|
24,259 |
|
|
|
(15,895 |
) |
| Balance as of the end of year |
|
$ |
1,059,225 |
|
|
$ |
1,152,055 |
|
|