Company: ABLV
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001213900-25-093928
Chunk: 10

Company: Able View Global Inc.
Filing Date: 2025-09-30
Form: 6-K
Chunk 10
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 compared to a contract asset which is a right to consideration that is conditional upon factors other than the passage of time. The Company recognizes accounts receivable in its consolidated balance sheets when it performs a service in advance of receiving consideration and it has the unconditional right to receive consideration. A contract asset is recorded when the Company has transferred services to the customer before payment is received or is due, and the Company’s right to consideration is conditional on future performance or other factors in the contract. As of June 30, 2025 and December 31, 2024, the Company did not record contract assets. The Company capitalizes incremental costs incurred to fulfill contracts that (i) relate directly to the contract, (ii) are expected to generate resources that will be used to satisfy the performance obligation under the contract, and (iii) are expected to be recovered through revenue generated under the contract. Provisions for estimated losses, if any, on uncompleted contracts are recorded in the period in which such losses become probable based on the current contract estimates. As of June 30, 2025 and December 31, 2024, the Company had no deferred contract costs. 9 ABLE VIEW GLOBAL INC.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(cont.) Revenue recognition (cont.)

Contract balances (cont.)

Contract liabilities are recognized if the Company receives consideration
prior to satisfying the performance obligations, which include customer advances and deferred revenue under operation service arrangements.
As of June 30, 2025 and December 31, 2024, the Company had customer advances of $ and $, respectively. Customer advances
of $ and $ as of December 31, 2024 and 2023 were recognized as revenues in the six months ended June 30, 2025 and 2024,
respectively. Customer advances of $ as of June 30, 2025 are expected to recognize as revenues in the twelve months ending
June 30, 2026.

For the six months ended June 30, 2025 and
2024, the Company disaggregate revenue into two revenue streams as the following table:

| Revenues                                     |     | For the Six Months Ended 
 June 30,                 
 2025                     |            |     | 2024 |            |
|:---------------------------------------------|:----|:-------------------------|-----------:|:----|:-----|-----------:|
| Sales