4. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES: Accounts Receivables (Policies) |
12 Months Ended |
|---|---|
Dec. 31, 2024 | |
| Policies | |
| Accounts Receivables | Accounts receivables Accounts receivables are recorded at their invoice amount and do not bear interest, are stated at the amount management expects to collect from outstanding balances, and are included in current assets and totaled $1,123,897, $3,517,469, and $4,237,064 as of December 31, 2024, 2023, and 2022, respectively. The allowance for credit losses is estimated based on historical experience, aging of the receivable, the counterparty’s ability to pay, and the condition of the general economy and industry. The allowance for credit losses reflects the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable at the end of the year; however, changes in circumstances relating to accounts receivable may result in a requirement for additional allowances in the future. The Company pools accounts receivable based on risk characteristics, which include type of customer and age of open balance. Account balances are charged against the allowance when management determines that the probability for collection is remote. Management determined that an allowance for doubtful accounts was not necessary as of December 31, 2024 and 2023. |