v3.26.1
Accounts Receivable
3 Months Ended
Mar. 31, 2026
Accounts Receivable Net Current [Abstract]  
Accounts Receivable

NOTE 4 -ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following as-of the dates indicated:

 

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Accounts receivable

 

$

5,392,687

 

 

$

11,628,636

 

Less: allowance for credit losses

 

 

(78,918

)

 

 

(78,918

)

 

 

$

5,313,769

 

 

$

11,549,718

 

 

Provision for credit losses related to accounts receivable was $0 and $100 for the three month periods ended March 31, 2026 and 2025, respectively.

 

The following tables represent the changes in the allowance for credit losses associated with our trade receivables for the three month periods ended March 31, 2026 and 2025:

 

 

 

For the Three Months Ended March 31,

 

Allowance for Credit Losses

 

2026

 

 

2025

 

Balance on January 1,

 

$

78,918

 

 

$

79,018

 

Provision charged to expense

 

 

-

 

 

 

-

 

Receivables written-off

 

 

-

 

 

 

(100

)

Recoveries of receivables previously written off

 

 

-

 

 

 

-

 

 

 

$

78,918

 

 

$

78,918