XML 34 R9.htm IDEA: XBRL DOCUMENT v3.24.1.u1
ACCOUNTS AND NOTES RECEIVABLE
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
ACCOUNTS AND NOTES RECEIVABLE

NOTE 3 – ACCOUNTS AND NOTES RECEIVABLE

 

   December 31, 2023   December 31, 2022 
Accounts Receivable  $1,362,130   $1,388,567 
Accounts Receivable - RP   491,774    - 
Less reserve for uncollectable accounts   (95,000)   (95,000)
Total  $1,758,904   $1,293,567 

 

Our Accounts Receivable is pledged to Nations Interbanc, our line of credit.

 

    December 31, 2023     December 31, 2022  
Long-term receivables   $ 1,149,854     $ 1,000,000  
Less reserve for uncollectable accounts    

(247,500

 )    

(247,500

 )
Net Long-term receivables    

902,354

      

752,500

  

 

The Company is currently modifying the assets subject to lease to meet the provisions of the agreement, and as of December 31, 2023 any collection on the lease payments was not yet considered probable, resulting in no derecognition of the underlying asset and no net lease investments recognized on the sales-type lease pursuant to ASC 842-30-25-3.

 

On a contract by contract basis or in response to certain situations or installation difficulties, the Company may elect to allow non-interest bearing repayments in excess of 1 year.

 

Our long - term financing Receivable are pledged to Nations Interbanc, our line of credit.