Accounts Receivable (Tables)

3 Months Ended

Mar. 28, 2020

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Text Block]

Accounts receivable, net, consists of the following:

	March 28, 2020			December 31, 2019
Accounts receivable	$	7,930,947		$	8,552,120
Allowances for doubtful accounts	(113,928		)	(69,433		)
	$	7,817,019		$	8,482,687

The company has notes receivable with certain customers, which are included in “Accounts receivable, net” in the company’s consolidated balance sheets.

Allowances for doubtful accounts consists of the following:

Balance at December 31, 2019	$	69,433
Effect of adoption of ASU No. 2016-13 (Note B)	47,011
Charged to income	12,539
Translation Adjustments	(1,869		)
Writeoffs	(13,186		)
Balance at March 28, 2020	$	113,928

The global economic impact from COVID-19 may adversely affect the credit condition of some of our customers. The company has considered the current credit condition of its customers in estimating the expected credit losses as of March 28, 2020. The impact of the COVID-19 on our customers credit condition is highly uncertain and will largely depend on the outcome of future events, which could result increases in credit losses.