Note 4 - Accounts Receivable

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4. ACCOUNTS RECEIVABLE

Accounts receivable are carried at original amount less an estimate made for credit losses based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for credit losses by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history, current economic conditions and other relevant factors, including specific reserves for certain accounts. Accounts receivable are written off when deemed uncollectible.

Accounts receivable at March 31, 2023 and December 31, 2022 consisted of the following:

	March 31,			December 31,
	2023			2022
Accounts receivable	$	3,985,988		$	2,096,569
Allowance for credit losses		(623,785	)		(573,785	)
Accounts receivable, net of allowance for credit losses	$	3,362,203		$	1,522,784

Bad debt expenses (if any) are recorded in selling, general, and administrative expense.