Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 23

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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) 
    $301,612  
    $176,163  
    $49,975  
    $45,915  
    $(231,711) 
    $(522,536) 
    $119,876  
    $(300,458)

    Supply chain segment  
    Financial segment  
    Corporate  
    Consolidated 

    September 30, 2025  
    December 31, 2024  
    September 30, 2025  
    December 31, 2024  
    September 30, 2025  
    December 31, 2024  
    September 30, 2025  
    December 31, 2024 

    Property and equipment 
    $2,760,673  
    $1,739,468  
    $–  
    $–  
    $–  
    $–  
    $2,760,673  
    $1,739,468 
  
    Total Assets 
    $4,816,736  
    $3,961,537  
    $79,378  
    $71,553  
    $2,351  
    $2,351  
    $4,898,465  
    $4,035,441 

6.ACCOUNTS RECEIVABLE, NET

    Schedule of accounts receivable net 

    September 30, 2025  
    December 31, 2024 

    Accounts receivable – third parties 
    $568,099  
    $312,200 
  
    Less: allowance for expected credit losses 
     –  
     – 
  
    Accounts receivable, net 
    $568,099  
    $312,200 

The Company generally conducts
its business with creditworthy third parties. The Company determines, on a continuing basis, the probable losses and an allowance for
expected credit losses, based on several factors including internal risk ratings, customer credit quality, payment history, historical
bad debt/write-off experience and forecasted economic and market conditions. Accounts receivable are written off after exhaustive collection
efforts occur and the receivable is deemed uncollectible. In addition, receivable balances are monitored on an ongoing basis and its exposure
to bad debts is not significant.

No allowance for expected
credit losses were recognized for the three and