XML 58 R11.htm IDEA: XBRL DOCUMENT v3.24.2
ACCOUNTS RECEIVABLE, NET
 12 Months Ended
Dec. 31, 2023
Credit Loss [Abstract]  
ACCOUNTS RECEIVABLE, NET

5. ACCOUNTS RECEIVABLE, NET

 

   December 31,   December 31, 
   2023   2022 
Accounts receivable  $3,281,974    4,443,735 
Less: allowance for credit losses   (407,480)   (400,262)
Accounts receivable, net  $2,874,494    4,043,473 

 


The movement of the allowance for credit losses was as follows:

 

   December 31,   December 31, 
   2023   2022 
Balance as of the beginning of year  $400,262    - 
Additions charged to bad debt expense   29,287    491,868 
Translation adjustments   (22,069)   (91,606)
Balance as of the end of year  $407,480    400,262 

 

As of December 31, 2023 and 2022, the Company has accounts receivable, net of $2,874,494   and $4,043,473. The aging of account receivables were all less than 30 days. The allowance for doubtful accounts was $407,480 and $400,262 as of December 31, 2023 and 2022.