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Note 4 - Accounts Receivable
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4.

ACCOUNTS RECEIVABLE

 

Accounts receivable are carried at original amount less an estimate made for credit losses based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for credit losses by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history, current economic conditions and other relevant factors, including specific reserves for certain accounts. Accounts receivable are written off when deemed uncollectible.

 

Accounts receivable at March 31, 2024 and December 31, 2023 consisted of the following: 

 

  

March 31,

  

December 31,

 
  

2024

  

2023

 
         

Accounts receivable

 $1,607,561  $2,207,311 

Allowance for credit losses

  (905,785)  (1,005,785)

Accounts receivable, net of allowances for credit losses

 $701,776  $1,201,526 

 

Bad debt expenses are recorded in selling, general, and administrative expense.