Accounts Receivable

3 Months Ended

Mar. 31, 2024

Accounts Receivable Net Current [Abstract]

Accounts Receivable

NOTE 4 -ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following:

	March 31,			December 31,
	2024			2023
Accounts receivable	$	7,456,570		$	8,368,279
Less: allowance for credit losses		(49,804	)		(50,032	)
	$	7,406,766		$	8,318,247

Provision for bad debt expense related to accounts receivable was $0 and $30,000 for the three month periods ended March 31, 2024 and 2023, respectively.

The following tables represent the changes in the allowance for credit losses associated with our trade receivables for the three months ended March 31, 2024 and 2023.

	For the Three Months Ended March 31,
Allowance for Credit Losses	2024			2023
Balance on January 1,	$	(50,032	)	$	(45,357	)
Provision charged to expense		-			(30,000	)
Receivables written-off		-			-
Recoveries of receivables previously written-off		-			-
Effects of change in exchange rates		228			(471	)
Balance on March 31,	$	(49,804	)	$	(75,828	)