Able View Global Inc

We regularly evaluate inventory to ensure it is carried at the lower of cost or net realizable value (“NRV”). NRV is the estimated selling price in the ordinary course of business, less estimated costs of completion and selling expenses. The determination of NRV involves judgment regarding future demand, market conditions, and product lifecycle. Fluctuations in these factors could lead to write-downs or reversals of previous write-downs. We assess inventory for obsolescence or excess quantities based on historical trends, projected demand, and the age of inventory. Adjustments to the carrying value are made if it is determined that inventory is unlikely to be sold at or above cost. Changes in market demand or production schedules could materially affect these estimates.

For the six months ended June 30, 2024 and 2023, the Company provided inventory writing-downs of $4,875,506 and $nil, respectively, for slow-moving cosmetics products.