Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 123

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 123
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  Other payable (a)                                                         —                           552,343  
                                                 $                    101,658      $                    552,343  
  Amount due to related parties, noncurrent                                                                      
  Dividends payable (a)                          $                 15,788,003      $                 15,758,296  
  Other payables (b)                                                4,938,900                        10,655,787  
                                                 $                 20,726,903      $                 26,414,083  

  (a)      As of December 31, 2024, the dividend payable due to shareholders were extended to July 2026. The Company recorded the dividends payable as non-current liabilities.                                  
  (b)      As of December 31, 2024, the other payables represented borrowings which were interest free. The other payables were classified into current and non-current based on expected repayment dates. A...  
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B. Liquidity and Capital Resources

To date, we have financed our operating and investing
activities primarily through cash generated from operating activities, borrowings from financial institutions, third parties and related
parties and financing through issuance of convertible notes. As of December 31, 2024, our cash and cash equivalents were $15.3 million.
Our cash and cash equivalents primarily consist of cash and time deposits with terms of three months or less. For the years ended
December 31, 2024, 2023 and 2022, we reported revenues of $128.9 million, $149.0 million and $145.3 million, respectively.

Our results of operations were slightly affected
by supply chain disruptions in the year of 2023 which resulted in delayed shipment of our cosmetics products and longer inventory turnover
days. The disruptions were solved in the year of 2024. Our inventory turnover days were 37 days, 60 days and 46 days in the
years ended December 31, 2024, 2023 and 2022, respectively. In addition, the turnover days for accounts receivable for the years
ended December 31, 2024, 2023 and 2022 were 42 days, 44 days and 40 days, respectively. Longer turnover days for accounts
receivable slightly affect our short-term liquidity. We generally