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Accounts Receivable, Net | 12 Months Ended
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Dec. 31, 2023
Accounts Receivable, Net [Abstract] |
Accounts receivable, net | Note 4 — Accounts receivable, net Accounts receivable, net, consists of the following:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
Accounts receivable |  | $ | 28,620,423 |  |  | $ | 21,895,260 |
Less: Allowance for credit losses |  |  | (7,133,370 | ) |  |  | (7,080,677 | )
Total accounts receivable, net |  | $ | 21,487,053 |  |  | $ | 14,814,583 |
Unbilled accounts receivable included in accounts receivable above amounted to $10,030,721 and $10,027,584 as of December 31, 2023 and 2022, respectively. The unbilled accounts receivables as of December 31, 2023 are expected to be billed within one year and collected over one year. The billed accounts receivable is expected to be collected within one year. As of April 24, 2024, approximately $1.6 million (or 5.6%) of total accounts receivable as of December 31, 2023 was collected. It represented 7.6% of billed accounts receivable balance and 2.0% of unbilled accounts receivable balance as of December 31, 2023 were subsequently collected, respectively. Movement of allowance for credit losses is as follows:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Beginning balance |  | $ | 7,080,677 |  |  | $ | 2,607,600 |  |  | $ | 1,581,142 |
Provision for credit losses |  |  | 256,834 |  |  |  | 4,783,518 |  |  |  | 1,011,760 |
Written-off |  |  | (6,214 | ) |  |  | - |  |  |  | (34,879 | )
Foreign currency translation adjustments |  |  | (197,927 | ) |  |  | (310,441 | ) |  |  | 49,577 |
Ending balance |  | $ | 7,133,370 |  |  | $ | 7,080,677 |  |  | $ | 2,607,600 |

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//326/tableOfContent + Details
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- References No definition available. + Details
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