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Revenue Recognition and Accounts Receivable
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition and Accounts Receivable Revenue Recognition and Accounts Receivable
The Company’s disaggregated revenues are as follows:
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2024202320242023
Temporary placement services$106,770,291 $96,427,450 $310,340,859 $281,788,801 
Permanent placement and other services1,033,552 1,357,706 2,722,469 3,389,079 
Total service revenues, net$107,803,843 $97,785,156 $313,063,328 $285,177,880 
When disaggregating revenue, the Company considered all of the economic factors that may affect its revenues. Because all its revenues are from placement services, there are no differences in the nature, timing and uncertainty of the Company’s revenues and cash flows from its revenue generating activities. For the three months ended September 30, 2024 and September 30, 2023, revenues from the Company’s largest customer accounted for approximately 14% and 13% of consolidated revenues, respectively and 14% and 15% of consolidated revenues for the nine months ended September 30, 2024 and 2023, respectively. No other customers accounted for more than 10% of the Company’s consolidated revenues in either period. Economic factors specific to this customer could impact the nature, timing and uncertainty of the Company’s revenues and cash flows.
Contract asset consists of unbilled accounts receivable of $10,924,993 and $5,660,753 as of September 30, 2024 and December 31, 2023, respectively.
Accounts receivable is as follows:
 September 30,
2024
December 31,
2023
Accounts receivable$51,539,750 $60,720,972 
Allowance for doubtful accounts(2,726,107)(1,902,140)
Accounts receivable, net$48,813,643 $58,818,832 
The Company recognized $957,031 and $0 of bad debt expense during the periods ended September 30, 2024 and December 31, 2023, respectively
None of the Company’s customers accounted for more than 10% of the Company’s accounts receivable as of September 30, 2024 and December 31, 2023.