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Trade Accounts Receivable
3 Months Ended
Mar. 31, 2024
Trade Accounts Receivable [Abstract]  
TRADE ACCOUNTS RECEIVABLE

4. TRADE ACCOUNTS RECEIVABLE

 

Trade accounts receivable amounted to $2,622,532 and $2,185,383 as of March 31, 2024 and December 31, 2023, respectively. No allowance for bad debt or product returns was recorded as of March 31, 2024 or December 31, 2023. We anticipate no future events or conditions that would impact our ability to collect our accounts receivable. Because of the generally short duration from the balance sheet date to the date of collection, our collection rate is not expected to be significantly impacted by events occurring after the balance sheet date. The trade accounts receivable balances included $25,646 and $42,507 due from a related party as of March 31, 2024 and December 31, 2023, respectively. See Note 18.