v3.26.3
Accounts Receivable and Other Receivables, Net
6 Months Ended
Jun. 30, 2026
Accounts Receivable and Other Receivables, Net [Abstract]  
ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES, NET

NOTE 4 – ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES, NET

 

Accounts receivable and other receivables as of June 30, 2026 and December 31, 2025 are summarized as below:

 

    June 30,     December 31,  
    2026     2025  
Customers by sales provision of services   € 3,423,103     € 1,868,572  
VAT receivable     12,319       11,131  
Others     34,960       34,960  
    € 3,470,382     € 1,914,663  
Allowance for doubtful accounts     (196,362 )     (174,888 )
    € 3,274,020     € 1,739,775  

 

As of June 30, 2026 and December 31, 2025, the allowance for doubtful accounts was €196,362 and €174,888, respectively. During the six months ended June 30, 2026 and 2025, the Company recorded bad debt expense of €23,694 and €0, respectively. As of June 30, 2026 and December 31, 2025, €0 and €283,457 trade receivable were under factoring recourse arrangement, respectively.