Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 194

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 194
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 costs.

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 December 31, 2024 and 2023, the Company had customer advances of $205,629and $239,073, respectively. Customer
advances of $239,073and $219,431as of December 31, 2023 and 2022 were recognized as revenues in the years ended December 31, 2024
and 2023, respectively. The Company expects to recognize the customer advances of $205,629as of December 31, 2024 in the year ending
December 31, 2025.

For the years ended December 31, 2024, 2023
and 2022, the Company disaggregate revenue into two revenue streams as the following table:

                                                    For the Years Ended December 31,                                                                         
                                                    2024                                                   2023                       2022                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues                                                                                                                                                   
  Sales of cosmetics and other beauty products      $                                     124,173,280      $         144,455,442      $         145,007,303  
  Provision of operation services                                                           4,759,367                  4,544,377                    248,953  
  Total revenue                                     $                                     128,932,647      $         148,999,819      $         145,256,256  

The Company disaggregates revenue by timing of
revenues recognition as the following table:

                                            For the Years Ended December 31,                                                                         
                                            2024                                                   2023                       2022                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues                                                                                                                                           
  Goods transferred at a point in time      $                                     124,173,280      $         144,455,442      $         145,007,303  
  Services transferred over time                                                    4,759,367                  4,544,377                    248,953  
  Total revenue                             $                                     128,932,647      $         148,999,819      $         145,256,256  

F-15

ABLE VIEW GLOBAL INC.

2. SUMMARY OF
SIGNIFICANT ACCOUNTING POLIC