ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SCHEDULE OF ALLOWANCES FOR CREDIT LOSSES |
In connection with the Gen-Tracker Acquisition, the Company acquired trade accounts receivable with a contractual value of $370,000, a significant portion of which had been outstanding for one year or more as of the Acquisition Date. Because these receivables had experienced a more-than-insignificant deterioration in credit quality since origination, the Company accounted for them as purchased financial assets with credit deterioration. At the Acquisition Date, the Company recorded gross receivables of $370,000 and an allowance for credit losses of $185,000, which was netted against the gross receivable amount in the purchase price allocation rather than recognized as credit loss expense. There was no non-credit discount or premium.
The following is a tabular reconciliation of the Company’s allowance for credit losses:
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| SCHEDULE OF ALLOWANCES FOR CREDIT LOSSES | The following is a tabular reconciliation of the Company’s allowance for credit losses:
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