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Receivables | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Receivables | 14) 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 |
The Company records an allowance for credit losses for its receivables in accordance with GAAP. See Note 2 regarding the adoption of ASU 2016-13. 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
SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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- References No definition available. + Details
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