Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 120

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 120
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 31, 2023 and 2022,
we recorded deferred tax benefits of $1.1 million and $0.6 million, respectively. The deferred tax benefits arose because we incurred
net operating losses in certain of our subsidiaries which previously generated profits.

Net income

As a result of the foregoing, our net income increased
by $1.9 million, or 23%, from $7.9 million for the year ended December 31, 2022 to $9.8 million for the same period ended
December 31, 2023.

Discussion of Certain Balance Sheet Items

The following table sets forth selected information
from our consolidated balance sheets as of December 31, 2024 and 2023. This information should be read together with our consolidated
financial statements and related notes included elsewhere herein.

                                                  December 31,                      December 31,                  
  ASSETS                                                                                                          
  Current Assets                                                                                                  
  Cash and cash equivalents                       $                 15,331,271      $                 13,328,156  
  Accounts receivable                                               15,168,293                        14,475,994  
  Accounts receivable – related party                                1,088,558                                 —  
  Prepayments and other current assets                               2,070,580                         3,286,579  
  Amount due from related parties                                            —                            18,311  
  Inventories                                                        6,614,250                        17,426,085  
  Total Current Assets                                              40,272,952                        48,535,125  
  Non-current Assets                                                                                              
  Property and equipment, net                                          446,809                           676,646  
  Right of use assets, net                                           1,116,224                         1,680,547  
  Deferred tax assets                                                4,600,277                         2,749,408  
  Other non-current assets                                           1,193,753                         1,264,969  
  Total Non-current Assets                                           7,357,063                         6,371,570  
  Total Assets                                    $                 47,630,015      $                 54,906,695  
  LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                            
  Current Liabilities                                                                                             
  Short-term loans                                $                  7,972,764      $                  2,884,519  
  Accounts payable                                                   2,475,389                         3,647,682