Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 190

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 190
---
 the valuation methodology are unobservable and significant to the fair value.  

The Company’s financial instruments approximate
their fair values because of the short-term nature of these instruments. Warrants were measured at fair value using unobservable inputs
and categorized in Level 3 of the fair value hierarchy (Note 11).

F-11

ABLE VIEW GLOBAL INC.

2. SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES(cont.)

Cash and cash
equivalents

Cash and cash equivalents primarily consist of
bank deposits, as well as highly liquid investments, with original maturities of three months or less, which are unrestricted as
to withdraw and use.

Accounts receivable

Accounts receivables are recorded at the gross
amount less an allowance for any uncollectible accounts and do not bear interest.

On January 1, 2023, the Company adopted Accounting
Standards Update (“ ASU”) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on
Financial Instruments (“ ASU 2016-13”), using the modified retrospective transition method. ASU 2016-13 replaces the existing
incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. Upon
adoption, the Company changed the impairment model to utilize a forward-looking current expected credit losses (CECL) model in place of
the incurred loss methodology for financial instruments measured at amortized cost and receivables resulting from the application of ASC
606, including contract assets. The adoption of the guidance had no impact on the allowance for credit losses for accounts receivable.

After the adoption of ASU 2016-13, the management
maintains an allowance for credit losses and records the allowance for credit losses as an offset to accounts receivable and the estimated
credit losses charged to the allowance is classified as “ General and administrative expenses” in the consolidated statements
of operations and comprehensive (loss) income. In determining the amount of the allowance for credit losses, the Company considers
historical collectability based on past due status, the age of the balances, credit quality of the Company’s customers based on
ongoing credit evaluations, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other
factors that may affect the Company’s ability to collect from customers. Delinquent account balances are written-off against the
allowance for doubtful accounts after management has determined that the likelihood of collection is not probable