v3.25.2
ACCOUNTS AND NOTES RECEIVABLE
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
ACCOUNTS AND NOTES RECEIVABLE

NOTE 3 – ACCOUNTS AND NOTES RECEIVABLE

   June 30, 2025   December 31, 2024 
Accounts Receivable  $740,590    226,389 
Accounts Receivable Related Party   2,278,728    1,947,131 
Less reserve for uncollectable accounts   (95,322)   (95,322)
Total  $2,923,996    2,078,198 

 

Our Accounts Receivable is pledged to Nations Interbanc, our line of credit.

   June 30, 2025   December 31, 2024 
Long-term financing receivables  $1,670,555   $1,670,554 
Less Reserve for uncollectable accounts   (247,500)   (247,500)
Long-term financing receivables - net  $1,423,055   $1,423,054 

 

The Company is currently modifying the assets subject to lease to meet the provisions of the agreement, and as of June 30, 2025 any collection on the lease payments was not yet considered probable, resulting in no derecognition of the underlying asset and no net lease investments recognized on the sales-type lease pursuant to ASC 842-30-25-3.

 

On a contract by contract basis or projects that require extensive work from multiple contractors or supply chain challenges or in response to certain situations or installation difficulties, the Company may elect to allow non-interest bearing repayments in excess of 1 year.

 

Our long - term financing Receivable are pledged to Nations Interbanc, our line of credit.