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Receivables (Tables) | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Schedule of Receivables | Receivables consist of the following: Schedule of Receivables
|  | As of September 30, 2024 |  |  | As of December 31, 2023 |
Contracts with customers |  | $ | 6,593,720 |  |  | $ | 6,321,573 |
Receivables from sales agents |  |  | 3,516,559 |  |  |  | 3,252,840 |
Other |  |  | 7,907,574 |  |  |  | 7,658,789 |
Total receivables |  |  | 18,017,853 |  |  |  | 17,233,202 |
Allowance for credit losses |  |  | (1,566,150 | ) |  |  | (1,897,887 | )
Net receivables |  | $ | 16,451,703 |  |  | $ | 15,335,315 |
Schedule of Allowance Credit Losses | The following table presents a roll forward of the allowance for credit losses as of the dates indicated: Schedule of Allowance Credit Losses
|  | Three Months Ended |
Beginning balance - June 30, 2024 |  | $ | 1,770,911 |
Change in provision for credit losses (1) |  |  | (167,300 | )
Charge-offs |  |  | (37,461 | )
Ending balance - September 30, 2024 |  | $ | 1,566,150 |
Beginning balance - June 30, 2023 |  | $ | 1,492,934 |
Change in provision for credit losses (1) |  |  | 53,878 |
Charge-offs |  |  | (26,011 | )
Ending balance - September 30, 2023 |  | $ | 1,520,801 |
(1) | Included in other expenses on the condensed consolidated statements of earnings
SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 14) Receivables (Continued) The following table presents a roll forward of the allowance for credit losses as of the dates indicated:
|  | Nine Months Ended |
Beginning balance - January 1, 2024 |  | $ | 1,897,887 |
Change in provision for credit losses (1) |  |  | (254,306 | )
Charge-offs |  |  | (77,431 | )
Ending balance - September 30, 2024 |  | $ | 1,566,150 |
Beginning balance - January 1, 2023 |  | $ | 2,229,791 |
Change in provision for credit losses (1) |  |  | (597,430 | )
Charge-offs |  |  | (111,560 | )
Ending balance - September 30, 2023 |  | $ | 1,520,801 |
(1) |  | Included in other expenses on the condensed consolidated statements of earnings

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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