v3.25.1
Accounts Receivable, Net
3 Months Ended
Mar. 31, 2025
Accounts Receivable, Net [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 6 – ACCOUNTS RECEIVABLE, NET

 

As of March 31, 2025, accounts receivable are related to the services fee receivable from customers as follows: 

 

   March 31, 2025   December 31,
2024
 
Accounts Receivable  $1,440,000   $1,800,000 
Less: Allowance for credit loss   
-
    
-
 
Accounts Receivable, net  $1,440,000   $1,800,000 

 

The Company does not require collateral for accounts receivable. The Company maintains an allowance for its doubtful accounts receivable due to estimated credit losses. The Company records the allowance against expected credit loss expense through the consolidated statements of operations, included in general and administrative expenses, up to the amount of revenues recognized to date. Receivables are written off and charged against the recorded allowance when the Company has exhausted collection efforts without success.