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Accounts Receivable, Net
 6 Months Ended
Jun. 30, 2023
Accounts Receivable, Net [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 4 – accounts receivable, Net

 

At June 30, 2023 and December 31, 2022, accounts receivable, net consisted of the following.

 

  

June 30,

2023

   December 31,
2022		 
   (Unaudited)     
Accounts receivable  $3,148,195   $3,435,340 
Less: allowance for credit losses   (1,884,744)  $(164,122)
Accounts receivable, net  $1,263,451   $3,271,218 
Accounts receivable – related party, net  $
-
   $399,465 
Non-current accounts receivable  $5,165,528   $4,209,546 

 

The following table describes the movements in the allowance for credit losses during the six months ended June 30, 2023.

 

   Six Months Ended June 30, 
   2023   2022 
   (Unaudited)   (Unaudited) 
Balance at December 31,  $164,122   $179,475 
Adoption of ASC 326   1,787,386    
-
 

Provision for doubtful accounts

   73,805    1,324 
Foreign exchange difference   (140,569)   (9,030)
Balance at June 30 (Unaudited)  $1,884,744   $171,769 

 

The Company reviews the outstanding receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances.