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ACCOUNTS RECEIVABLE, NET
12 Months Ended
Dec. 31, 2023
Accounts Receivable Net  
ACCOUNTS RECEIVABLE, NET

NOTE 5 — ACCOUNTS RECEIVABLE, NET

 

           
   As of December 31, 
   2023   2022 
         
Accounts receivable, (gross)  $8,411,835   $8,577,930 
Less: Provision for doubtful debts  $(6,542,904)  $(3,721,293)
Accounts receivable, net  $1,868,931   $4,856,637 

 

The changes in the provision for doubtful accounts are as follows:

 

           
   For the Years Ended December 31, 
   2023   2022 
         
Balance at the beginning of the year  $3,721,293   $122,680 
Acquisition   -    2,089,127 
Additions   2,821,611    1,509,486 
Balance at the end of the year  $6,542,904   $3,721,293