Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 210

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 210
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 losses against other receivables                          413,672                                -  
  Operating lease liabilities                                               244,588                          441,462  
  Total deferred tax assets, gross                                        4,877,267                        2,779,818  
  Less: valuation allowance                                                       -                         ( 30,410  
                                                                          4,877,267                        2,749,408  
  Deferred tax liabilities                                                                                            
  Operating lease right-of-use assets                                       276,990                          420,137  
  Total deferred tax assets, net                        $                 4,600,277      $                 2,329,271  

F-25

ABLE VIEW GLOBAL INC.

8. INCOME TAXES(cont.)

Movement of valuation allowance of deferred tax
assets for the years ended December 31, 2024 and 2023 were as the following:

                       December 31,                    December 31,                
  Opening balance      $                 30,410        $                   81,232  
  Addition                               -                                 30,410  
  Reversal                               ( 30,410                        ( 81,232  
  Ending balance       $                 -             $                   30,410  

Total net operating losses (NOLs) carryforwards
of the Group’s subsidiary in mainland China is $9,657,252and $7,118,117as of December 31, 2023 and 2024, respectively. As of December
31, 2024, net operating loss carryforwards from PRC will expire in calendar years 2026 through 2029, if not utilized. The NOLs carryforwards
of the Group’s subsidiary in Hong Kong are $129,911and $8,312,910as of December 31, 2023 and 2024, respectively, which can be
carried forward without an expiration date. The NOLs carryforwards of the Group’s subsidiary in Singapore are $175,753and nilas
of December 31, 2023 and 2024, respectively, which can be carried forward without an expiration date.

The Company evaluates its valuation allowance
requirements at end of each reporting period by reviewing all available evidence, both positive and negative, and considering whether,
based on the weight of that evidence, a valuation allowance is needed. When circumstances cause a change in management’s judgement
about the realizability of deferred tax assets, the impact of the change on the valuation allowance is generally reflected