XML 38 R12.htm IDEA: XBRL DOCUMENT v3.24.1
Accounts Receivable, Net
 12 Months Ended
Dec. 31, 2023
Accounts Receivable, Net [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 4 – accounts receivable, Net

 

As of December 31, 2023 and 2022, accounts receivable, net consisted of the following.

 

   2023   2022 
         
Accounts receivable  $2,279,593   $3,435,340 
Less: allowance for credit losses   (160,855)  $(164,122)
Accounts receivable, net  $2,118,738   $3,271,218 
Accounts receivable – related party, net  $
-
   $399,465 
Non-current accounts receivable  $4,597,214   $4,209,546 

 

The following table describes the movements in the allowance for credit losses during the years ended December 31, 2023 and 2022.

  

   2023   2022   2021 
             
Balance at January 1  $164,122   $179,475   $298,224 
Provision for (reversal of) doubtful accounts   1,084    (1,087)   (124,881)
Foreign exchange difference   (4,351)   (14,266)   6,132 
Balance at December 31  $160,855   $164,122   $179,475 

 

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.