| ACCOUNTS RECEIVABLE, NET |
NOTE 2 – ACCOUNTS RECEIVABLE, NET
Accounts receivable, net, consist of the following:
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Trade accounts receivable | |
| 195,849 | | |
| 254,435 | |
| Less: allowance for credit losses | |
| (14,228 | ) | |
| (13,023 | ) |
| Trade accounts receivable, net | |
$ | 181,621 | | |
$ | 241,412 | |
The changes in the allowances for credit losses during the
three and six months ended June 30, 2026 and 2025 were as follows:
| | |
For the Three Months Ended
June 30, | | |
For the Six Months Ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Balance, Beginning of Period | |
$ | 9,434 | | |
$ | 13,605,157 | | |
$ | 13,023 | | |
$ | 13,587,182 | |
| Credit losses | |
| 3,660 | | |
| 2,032 | | |
| 779 | | |
| 709 | |
| Foreign currency translation adjustment | |
| 1,134 | | |
| 36,817 | | |
| 426 | | |
| 56,115 | |
| Balance, End of Period | |
$ | 14,228 | | |
$ | 13,644,006 | | |
$ | 14,228 | | |
$ | 13,644,006 |
|