ACCOUNTS RECEIVABLE, NET - THIRD PARTIES

6 Months Ended

Jun. 30, 2025

ACCOUNTS RECEIVABLE, NET - THIRD PARTIES

ACCOUNTS RECEIVABLE, NET - THIRD PARTIES

4.ACCOUNTS RECEIVABLE, NET – THIRD PARTIES

The Company records revenues and costs on a net basis and the related accounts receivable and payable amounts on a gross basis. Accounts receivable, net of provision for credit losses consisted of the following:


	June 30,		December 31,
	2025		2024
Accounts receivable	$	22,650,838	$	29,375,358
Less: allowance for expected credit losses		(18,547,687)		(25,711,852)
Accounts receivable, net	$	4,103,151	$	3,663,506

The Company provided allowance for expected credit loss of $2,694,737 for the six months ended June 30, 2025, and reversed provision for expected credit losses of $749,688 for the six months ended June 30, 2024. Movement of allowance for credit losses was as follows:


	June 30,		June 30,
	2025		2024
Balance at beginning of the period	$	25,711,852	$	13,417,481
Charge (reversal of charge) to expenses		2,694,737		(749,688)
Writing off of accounts receivable		(10,252,070)		—
Foreign exchange adjustments		393,168		(303,502)
Balance at end of the period	$	18,547,687	$	12,364,291

Baosheng Media Group Holdings Ltd 6-K