Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 117

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 117
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 expenses.

Income tax benefits (expenses)

We recorded income tax benefits of $2.2 million
and income tax expenses of $1.9 million for the years ended December 31, 2024 and 2023, respectively.

For the year ended December 31, 2024, we recorded
current income tax expenses of $0.2 million, as compared with $3.1 million for the same period of 2023. The change in current income tax
expenses was primarily attributable to net operating losses incurred in the year of 2024 by certain of our subsidiaries, which generated
taxable income for the year ended December 31, 2023.

For the year ended December 31, 2024 and 2023,
we recorded deferred tax benefits of $2.3 million and $1.1 million, respectively. The deferred tax benefits arose because we incurred
net operating losses in the year ended December 31, 2024 in certain of our subsidiaries which previously generated profits in the year
ended December 31, 2023.

Net (loss) income

As a result of the foregoing, we reported net
loss of $7.4 million and net income of $9.8 million for the years ended December 31, 2024 and 2023, respectively.

For the years ended December 31, 2023 and 2022

The following table sets forth a summary of our
consolidated results of operations for the years ended December 31, 2023 and 2022. This information should be read together with
our consolidated financial statements and related notes included elsewhere herein. The operating results in any period are not necessarily
indicative of the results that may be expected for any future period.

                                              For the Years Ended                                                    Changes                           
                                              December 31,                                                                                             
                                              2023                                       2022                        Amount                            
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues                                    $                         148,999,819      $          145,256,256      $             3,743,563        3  
  Cost of revenues                                                     (111,990,554                (112,718,709                      728,155       (1  
                                                                         37,009,265                  32,537,547                    4,471,718       14  
  Gross Margin                                                                   25                          22                                        
  Operating Expenses