| ACCOUNTS RECEIVABLE |
NOTE
4 – ACCOUNTS RECEIVABLE
Our
net accounts receivable are summarized as follows:
SCHEDULE OF ACCOUNTS RECEIVABLE
| | |
| | | |
| | |
| | |
March 31, 2023 | | |
March 31, 2022 | |
| Accounts receivable | |
$ | 32,592,931 | | |
$ | 47,010,336 | |
| Less: allowance for doubtful accounts | |
| (3,246,551 | ) | |
| (3,055,252 | ) |
| Accounts receivable,
net | |
$ | 29,346,380 | | |
$ | 43,955,084 | |
The
following presents a reconciliation of our allowance for doubtful accounts for the periods presented:
| March 31, 2021 | |
$ | 148,540 | |
| Increase in allowance | |
| 2,903,304 | |
| Write-off of uncollectible amounts | |
| (12,703 | ) |
| Purchase accounting | |
| 16,111 | |
| March 31, 2022 | |
| 3,055,252 | |
| Increase in allowance | |
| 2,160,323 | |
| Write-off of uncollectible amounts | |
| (1,969,024 | ) |
| March 31, 2023 | |
$ | 3,246,551 | |
|