Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 199

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 199
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 that cover a wide range of matters,
including, among others, government investigations and tax matters. In accordance with ASC No. 450, the Company records accruals for such
loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.

Segment reporting

Operating segments are defined as components of
an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker
(“ CODM”), or decision making group, in deciding how to allocate resources and in assessing performance. The Company’s CODM
is the Chief Executive Officer.

The Company’s CODM relies upon the consolidated results of operations
as a whole when making decisions about allocating resources and assessing the performance of the Company. As a result of the assessment
made by CODM, the Company has only one principal reportable segment as defined by ASC 280. The single reportable segment contains sales
of cosmetics and other beauty products and provision of operation services. The Company has concluded that consolidated net (loss) income
is the measure of segment profitability. The CODM assesses performance for the Company, monitors budget versus actual results, and determines
how to allocate resources based on consolidated net (loss) income as reported in the consolidated statements of operations. Within the
information provided, the CODM specifically reviews promotion and advertising expenses, which are a significant segment expense, as this
represents significant cost affecting the Company’s decision on how to cooperate with different brands. Other operating expenses
are reviewed in aggregate.

                                          For the Years Ended December 31,                                                           
                                          2024                                                                                       
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues                                $                                       128,932,647        148,999,819        145,256,256  
  Cost of revenues                                                              ( 117,128,178      ( 111,990,554      ( 112,718,709  
  Promotion and advertising expenses                                              ( 9,223,750        ( 9,909,017        ( 8,703,392  
  Other operating expenses                                                       ( 11,406,167       ( 13,779,227       ( 13,691,267  
  Total other expenses, net                                                         ( 766,791        ( 1,630,123          ( 770,052  
  Income tax benefits (expenses)                                                    2,172,827        ( 1,940