v3.26.1
ACCOUNTS RECEIVABLE, NET
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Receivables [Abstract]    
ACCOUNTS RECEIVABLE, NET

4. ACCOUNTS RECEIVABLE, NET

 

Table 4: Details of Accounts Receivable, Net

 

 

   March 31, 2026   December 31, 2025 
Billed accounts receivable  $2,156,076   $1,518,937 
Billed accounts receivable - factored   1,649,354    1,591,240 
Unbilled accounts receivable   -    45,325 
Allowance for credit losses   (469,383)   (468,023)
Accounts receivable, net  $ 3,336,047   $2,687,479 

 

During the three months ended March 31, 2026, the Company recorded $1,360 for provisions for credit losses, compared to zero U.S. dollars for the three months ended March 31, 2025. During both the three months ended March 31, 2026 and 2025, the Company has no write-offs of any outstanding receivables.

 
4.ACCOUNTS RECEIVABLE, NET

 

   2025   2024 
Table 4: Details of Accounts Receivable, Net
   As of December 31, 
   2025   2024 
Billed accounts receivable  $1,518,937   $8,513,420 
Billed accounts receivable - factored   1,591,240    1,840,288 
Unbilled accounts receivable   45,325    - 
Allowance for credit losses   (468,023)   - 
Accounts receivable, net  $2,687,479   $10,353,708 

 

During the year ended December 31, 2025, the Company recorded $0.5 million for provisions for credit losses, compared to zero U.S. dollars for the year ended December 31, 2024. During both the year ended December 31, 2025 and 2024, the Company has no write-offs of any outstanding receivables.