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Accounts Receivable, Net of Allowance for Doubtful Accounts | 6 Months Ended
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Jun. 30, 2024
Receivables [Abstract] |
Accounts Receivable, Net of Allowance For Doubtful Accounts | 3. Accounts Receivable, Net of Allowance for Doubtful Accounts Our receivables, which are recorded when billed or when services are performed, are claims against third parties that will generally be settled in cash. The carrying value of our receivables, net of the allowance for doubtful accounts, represents the estimated net realizable value. We estimate our allowance for doubtful accounts based on consideration of a number of factors, including the length of time trade accounts are past due, our previous loss history, the creditworthiness of individual customers, economic conditions affecting specific customer industries, and economic conditions in general. We write off past-due receivable balances after all reasonable collection efforts have been exhausted. We credit payments subsequently received on such receivables to bad debt expense in the period we receive the payment. The following table reflects the activity in our allowance for doubtful accounts of trade receivables for the three and six months ended June 30, 2024 and 2023:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (Unaudited) |  |  | (Unaudited) |
Beginning balance |  | $ | 1,958,062 |  |  | $ | 2,274,540 |  |  | $ | 1,581,595 |  |  | $ | 2,176,010 |
Bad debt expense |  |  | 5,138 |  |  |  | 326,450 |  |  |  | 573,813 |  |  |  | 570,359 |
Uncollectible accounts written off, net of recoveries |  |  | (74,893 | ) |  |  | (505,043 | ) |  |  | (267,101 | ) |  |  | (650,422 | )
Ending balance |  | $ | 1,888,307 |  |  | $ | 2,095,947 |  |  | $ | 1,888,307 |  |  | $ | 2,095,947 |

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/326/tableOfContent + Details
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- References No definition available. + Details
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