Company: ABLV
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001213900-25-093928
Chunk: 42

Company: Able View Global Inc.
Filing Date: 2025-09-30
Form: 6-K
Chunk 42
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. The Company determined that the disposal of the Shanghai Jingyue met the criteria to be classified as a discontinued operation and, as a result, Shanghai Jingyue’s historical financial results are reflected in the Company’s condensed consolidated interim financial statements as a discontinued operation. The disposal of Shanghai Jingyue represents a strategic shift that has a significant effect on the Company’s financial results, which trigger discontinued operations accounting in accordance with ASC 205-20-45. The assets and liabilities related to the discontinued operations were retroactively classified as assets/liabilities of discontinued operations, while results of operations related to the discontinued operations, including comparatives, were reported as loss from discontinued operations for the six months ended June 30, 2024 and 2025, respectively. For the six months ended June 30, 2025, the net income from discontinued operation was comprised of disposal gain of $4.5 million and net loss of $0.9 million incurred by Shanghai Jingyue. For the six months ended June 30, 2024, the net loss from discontinued operation represented net loss of $7.3 million incurred by Shanghai Jingyue. Net income (loss) As a result of the foregoing, we reported a net income of $3.4 million and a net loss of $6.3 million for the six months ended June 30, 2025 and 2024, respectively. 37 Discussion of Certain Balance Sheet Items The following table sets forth selected information from our condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024. This information should be read together with our condensed consolidated financial statements and related notes included elsewhere herein.

|                                            |     |   |   June 30, 
       2025 |     |   | December 31, 
         2024 |
|:-------------------------------------------|:----|:--|-----------:|:----|:--|-------------:|
| ASSETS                                     |     |   |            |     |   |              |
| Current Assets                             |     |   |            |     |   |              |
| Cash and cash equivalents                  |     | $ |  6,283,350 |     | $ |   15,191,995 |
| Accounts receivable                        |     |   | 16,154,385 |     |   |   15,012,273 |
| Accounts receivable – related party        |     |   |          — |     |