Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 121

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 121
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  Advance from customers                                               205,629                           239,073  
  Income tax payable                                                 2,686,826                         4,887,126  
  Lease liabilities, current                                           771,196                           761,904  
  Other payable and accrued expenses                                 3,203,256                         2,680,306  
  Amount due to related parties                                        101,658                           552,343  
  Total Current Liabilities                                         17,416,718                        15,652,953  
  Lease liabilities, noncurrent                                        214,485                         1,003,943  
  Amount due to related parties, non-current                        20,726,903                        26,414,083  
  Deferred tax liabilities                                                   —                           420,137  
  Long-term borrowings                                               2,180,694                                 —  
  Total Non-current Liabilities                                     23,122,082                        27,838,163  
  Total Liabilities                               $                 40,538,800      $                 43,491,116  

Cash and cash equivalents

Cash and cash equivalents consist of funds deposited
with banks and financial institutions and cash on hand, which are highly liquid and are unrestricted as to withdrawal or use.

The total balance of cash and cash equivalents
was $15.3 million and $13.3 million as of December 31, 2024 and 2023, respectively. The change of balance of cash and cash equivalents
was primarily a result of an increase of cash of $4.0 million from our financing activities, partially net off against a decrease
of cash of $2.2 million from our operating activities and a decrease of cash of $52,744 from investing activities.

Accounts receivable

As of December 31, 2024 and 2023, the accounts
receivable were $15.2 million and $14.5 million, respectively. We generally offer credit terms of up to 90 days to our customers.
As of December 31, 2024 and 2023, the turnover days for accounts receivable were 42 days and 44 days, respectively, which were well within
the credit terms.

Prepayments and other current assets

As of December 31, 2024 and 2023, the balance
of prepayments and other current assets primarily consisted of the following items:

                                                                         December 31,                      December 31,                 
  Prepayments and other current assets