| ACCOUNTS RECEIVABLE, NET |
Note 3. ACCOUNTS RECEIVABLE, NET
| | |
June 30, | | |
June 30, | |
| The Company’s net accounts receivable is as follows: | |
2018 | | |
2017 | |
| | |
| | |
| |
| Trade accounts receivable | |
$ | 10,111,081 | | |
$ | 2,754,962 | |
| Less: allowances for doubtful accounts | |
| (1,682,228 | ) | |
| (185,821 | ) |
| Accounts receivables, net | |
$ | 8,428,853 | | |
$ | 2,569,141 | |
Movement of allowance for doubtful accounts
is as follows:
| | |
June 30,
2018 | | |
June 30,
2017 | |
| | |
| | |
| |
| Beginning balance | |
$ | 185,821 | | |
$ | 207,028 | |
| Provision for doubtful accounts | |
| 1,519,122 | | |
| - | |
| Less: write-off/recovery | |
| (24,101 | ) | |
| (18,912 | ) |
| Exchange rate effect | |
| 1,386 | | |
| (2,295 | ) |
| Ending balance | |
$ | 1,682,228 | | |
$ | 185,821 | |
For the year ended
June 30, 2018, the provision for doubtful accounts was $1,519,122. No provision was made in same period 2017.
|