v3.25.2
Accounts Receivable
6 Months Ended
Jun. 30, 2025
Accounts Receivable Net Current [Abstract]  
Accounts Receivable

NOTE 4 -ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following for the periods indicated:

 

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Accounts receivable

 

$

7,257,734

 

 

$

8,310,178

 

Less: allowance for credit losses

 

 

(145,074

)

 

 

(132,807

)

 

 

$

7,112,660

 

 

$

8,177,371

 

 

Provision for bad debt expense related to accounts receivable was $4,879 and $0 for the three month periods ended June 30, 2025 and 2024, respectively, and $4,879 and $0 for the six month period ended June 30, 2025 and 2024, respectively.

 

The following tables represent the changes in the allowance for credit losses associated with our trade receivables for the six month periods ended June 30, 2025 and 2024.

 

 

 

For the Six Months Ended June 30,

 

Allowance for Credit Losses

 

2025

 

 

2024

 

Balance on January 1,

 

$

(132,807

)

 

$

(50,032

)

Provision charged to expense

 

 

(4,879

)

 

 

-

 

Receivables written-off

 

 

100

 

 

 

-

 

Effects of change in exchange rates

 

 

(7,488

)

 

 

333

 

 

 

$

(145,074

)

 

$

(49,699

)