Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 205

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 205
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  (f)      The long-term deposits represented deposits made to certain marketplaces on which the Company sells cosmetic products. The deposits are repayable upon termination of corporation with the market...  

F-21

ABLE VIEW GLOBAL INC.

4. PROPERTY AND
EQUIPMENT, NET

Property and equipment, net consisted of the following:

                                      December 31,                     December 31,                 
  Leasehold improvements              $                   477,458      $                   486,091  
  Vehicles                                                355,204                          510,385  
  Office equipment                                        351,365                          360,740  
  Less: accumulated depreciation                        ( 737,218                        ( 680,570  
                                      $                   446,809      $                   676,646  

Depreciation expenses were $224,311, $222,684and
$131,101for the years ended December 31, 2024, 2023 and 2022, respectively.

5. OPERATING LEASE

As of December 31, 2024, the Company leases
office spaces in the PRC under non-cancelable operating leases, with terms ranging between36 monthsand48 months. The Company
considers those renewal or termination options that are reasonably certain to be exercised in the determination of the lease term and
initial measurement of right of use assets and lease liabilities. Lease expense for lease payment is recognized on a straight-line basis
over the lease term.

The Company determines whether a contract is or
contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease.
When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, most of the leases
do not provide a readily determinable implicit rate. Therefore, the Company discount lease payments based on an estimate of the incremental
borrowing rate.

For operating leases that include rent holidays
and rent escalation clauses, the Company recognizes lease expense on a straight-line basis over the lease term from the date it takes
possession of the leased property. The Company records the straight-line lease expense and any contingent rent, if applicable, in general
and administrative expenses on the consolidated statements of operations and comprehensive (loss) income. The corporate office lease also
requires the Company to pay real estate taxes, common area maintenance costs and other occupancy costs which are included in the general
and administrative expenses on the consolidated statements of operations and comprehensive (loss)