v3.26.1
Accounts Receivable
6 Months Ended
Jun. 30, 2026
Accounts Receivable [Abstract]  
ACCOUNTS RECEIVABLE

5. ACCOUNTS RECEIVABLE  

 

At June 30, 2026 and December 31, 2025, the Company’s accounts receivable, net consisted of the following:

 

    June 30,
2026
    December 31,
2025
 
Billed Construction services   $ 912,507     $ 719,016  
Less: allowance for credit losses     (377,515 )     (401,774 )
Total net receivables   $ 534,992     $ 317,242  

 

Changes in the Company’s allowance for credit losses for the six months ended June 30, 2026 and the year ended December 31, 2025 consisted of the following:

 

    Six Months
Ended
June 30,
2026
    Year
Ended
December 31,
2025
 
Beginning balance   $ 401,774     $ 266,795  
Recoveries of credit losses     (24,259 )      
Additional credit losses recognized     -       134,979  
Total allowance for credit losses   $ 377,515     $ 401,774