Company: ABLV
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001213900-25-093928
Chunk: 43

Company: Able View Global Inc.
Filing Date: 2025-09-30
Form: 6-K
Chunk 43
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| Amount due to related parties, current     |     |   |     99,892 |     |   |      101,658 |
| Liabilities of discontinued operations     |     |   |          — |     |   |    6,873,585 |
| Total Current Liabilities                  |     |   | 25,412,660 |     |   |   22,340,923 |
| Amount due to related parties, non-current |     |   |  1,403,405 |     |   |   16,017,183 |
| Long-term borrowings                       |     |   |  2,180,694 |     |   |    2,180,694 |
| Total Non-Current Liabilities              |     |   |  3,584,099 |     |   |   18,197,877 |
| Total Liabilities                          |     | $ | 28,996,759 |     | $ |   40,538,800 |

38 Cash and cash equivalents Cash and cash equivalents from continuing operations consist of funds deposited with banks and financial institutions and cash on hand, which are highly liquid and are unrestricted as to withdrawal or use. The total balance of cash and cash equivalents were $6.3 million and $15.2 million as of June 30, 2025 and December 31, 2024, respectively. The change of balance of cash and cash equivalents was primarily a result of cash of $9.0 million used in our financing activities of continuing operations, partially offset by and cash of $0.5 million provided by our investing activities of continuing operations. Accounts receivable As of June 30, 2025 and December 31, 2024, the accounts receivable were $16.2 million and $15.0 million, respectively. We extended our credit terms of up to 180 days to our customers. As of June 30, 2025 and December 31, 2024, the turnover days for accounts receivable were 63 days and 35 days, respectively, which were well within the credit terms. Inventories The balance of inventories was $9.3 million and $6.3 million as of June 30, 2025 and December 31, 2024, respectively. The increase in inventory balance was due to (i) strategic inventory purchases in June to secure volume-based rebates from a key supplier, representing approximately $4