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Accounts Receivable
 6 Months Ended
Jun. 30, 2026
Accounts Receivable Net Current [Abstract]  
Accounts Receivable

NOTE 4 -ACCOUNTS RECEIVABLE

Accounts receivable, net consisted of the following as-of the dates indicated:

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Accounts receivable

 

$

7,960,072

 

 

$

11,628,636

 

Unbilled receivables

 

 

491,888

 

 

 

-

 

Accounts receivable

 

 

8,451,960

 

 

 

11,628,636

 

Less: allowance for credit losses

 

 

(108,918

)

 

 

(78,918

)

 

 

$

8,343,042

 

 

$

11,549,718

 

 

Unbilled receivables include amounts associated with percentage of completion and milestone billing accounting, which includes cost and gross profit earned in excess of billing, not currently billable due to contractual provisions.

 

The following tables represent the changes in the allowance for credit losses associated with our trade receivables for the six month periods ended June 30, 2026 and 2025:

 

 

 

For the Six Months Ended June 30,

 

Allowance for Credit Losses

 

2026

 

 

2025

 

Balance on January 1,

 

$

78,918

 

 

$

79,018

 

Provision charged to expense

 

 

30,000

 

 

 

-

 

Receivables written-off

 

 

-

 

 

 

(100

)

 

 

$

108,918

 

 

$

78,918