Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 115

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 115
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 (111,990,554                    (5,137,624         5  
                                                                                11,804,469                  37,009,265                   (25,204,796       (68  
  Gross Margin                                                                           9                          25                                          
  Operating Expenses                                                                                                                                            
  Selling and marketing expenses                                               (14,147,579                 (17,144,161                     2,996,582       (17  
  General and administrative expenses                                           (6,482,338                  (6,544,083                        61,745        (1  
  Total operating expenses                                                     (20,629,917                 (23,688,244                     3,058,327       (13  
  (Loss) income from operations                                                 (8,825,448                  13,321,021                   (22,146,469      (166  
  Other (expenses) income                                                                                                                                       
  Interest expenses, net                                                          (403,172                    (842,246                       439,074       (52  
  Other income                                                                      30,003                      55,442                       (25,439       (46  
  Foreign currency exchange loss                                                  (393,622                    (843,319                       449,697       (53  
  (Loss) income before provision for income tax                                 (9,592,239                  11,690,898                   (21,283,137      (182  
  Income tax benefit (expenses)                                                  2,172,827                  (1,940,852                     4,113,679      (212  
  Net (loss) income                                  $                          (7,419,412      $            9,750,046      $            (17,169,458      (176  

Revenues

We generate revenues from (i) sales of beauty
and personal care products of international brands over multiple sales channels, and (ii) rendering operations services for online stores
owned by cosmetics brands. Our revenues decreased by $20.1 million, or 13% from $149.0 million for the year ended December 31,
2023 to $128.9 million for the year ended December 31, 2024. The decrease was primarily caused by decrease of $20.3 million in sales
of beauty and personal care products, which was primarily due to a disproportionate increase in our cost of revenues (i. e., the purchase
price of products) compared to the sales price and a decrease in demand from our customers which