NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Account receivables (Policies) |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Policies | |
| Account receivables | Account receivables
Account receivables are recorded at the invoiced amount and do not bear interest. The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated risks by performing credit checks and actively pursuing past due accounts. An allowance for doubtful accounts is established and recorded based on management’s assessment of potential losses based on the credit history and relationships with the customers. Management reviews its receivables on a regular basis to determine if bad debt allowance is adequate, and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable.
The Company considered the amounts of receivables in dispute and believes an allowance for these receivables were not necessary as of March 31, 2025 and December 31, 2024. |