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ACCOUNTS RECEIVABLE, NET | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
ACCOUNTS RECEIVABLE, NET | NOTE 3 — ACCOUNTS RECEIVABLE, NET Accounts receivable consist of the following: SCHEDULE OF ACCOUNTS RECEIVABLE
|  | September 30, 2024 |  |  | December 31, 2023 |
Accounts receivable – third parties |  | $ | 12,273,560 |  |  | $ | 10,123,805 |
Less: allowance for credit loss |  |  | (715,827 | ) |  |  | (557,360 | )
Accounts receivable, net |  | $ | 11,557,733 |  |  | $ | 9,566,445 |
The Company recorded a reversal of allowance for credit loss of $27,779 and $174,231 for the three months ended September 30, 2024 and 2023, respectively. The Company recorded an allowance for credit loss of $223,051 and a reversal of allowance for credit loss $118,144 for the nine months ended September 30, 2024 and 2023, respectively. The Company wrote off uncollectible accounts receivable of $64,584 and $64,584 against allowance for credit loss account for the three and nine months ended September 30, 2024, respectively. The Company wrote off uncollectible accounts receivable of $420,967 and $420,967 in general and administrative expense from customer for the three and nine months ended September 30, 2023, respectively. The movement of allowance for credit loss are as follow: SCHEDULE OF MOVEMENT OF ALLOWANCE FOR CREDIT LOSS
|  | September 30, 2024 |  |  | December 31, 2023 |
Balance as of beginning |  | $ | 557,360 |  |  | $ | 354,059 |
Written off |  |  | (64,584 | ) |  |  | - |
Additional of provision |  |  | 223,051 |  |  |  | 203,301 |
Ending balance |  | $ | 715,827 |  |  | $ | 557,360 |
The Company’s accounts receivable balances as of September 30, 2024 and December 31, 2023 are pledged for its line of credit facility at Midfirst Bank and Cathay Bank (See Note 12).

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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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