Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 112

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 112
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 31,                                                                         
                                                    2024                                                   2023                       2022                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  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  

Cost of revenues

Our cost of revenues primarily consists of (i)
purchase price of products, (ii) inbound shipping charges and write-downs of inventories and (iii) labor costs which facilitates our operation
services. Inbound shipping charges to receive products from the suppliers are included in inventories, and recognized as cost of revenues
upon sale of the products to the customers. Our cost of revenues were $117.1 million, $112.0 million and $112.7 million for
the years ended December 31, 2024, 2023 and 2022, respectively.

Selling and marketing expenses

Selling and marketing expenses primarily consist
of (i) promotion and advertising expenses; (ii) freight and warehouse expenses; (iii) human resource service fees and IT
service fees; (iv) payroll and welfare expenses, including salaries, social insurance and housing funds for our personnel in sales
department; and (v) other miscellaneous expenses.

                                                       For the Years Ended December 31,                                                                      
                                                       2024                                                  2023                      2022                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Promotion and advertising expenses                   $                                      9,223,750      $          9,909,017      $          8,703,392  
  Freight expenses and warehouses                                                             2,759,561                 3,520,377                 4,595,689  
  Human resource service fees and IT service fees                                             1,273,701                 2,103,403                 2,358,420  
  Payroll and welfare expenses                                                                  565,814                 1,333,249                 2,239,233  
  Others                                                                                        324,753                   278,115                   386,526