Annual report pursuant to Section 13 and 15(d)

Accounts Receivable

v3.21.2
Accounts Receivable
12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

At December 31, 2020 and 2019, accounts receivable consisted of the following:

 

    December 31,
2020
    December 31,
2019
 
Accounts receivable   $ 32,357,692     $ 9,281,406  
Less: allowance for doubtful accounts     (411,131 )     (7,960 )
    $ 31,946,561     $ 9,273,446  

 

The Company reviews the accounts receivable on a periodic basis and makes general and specific allowance when there is doubt as to the collectability of an individual balance. 

 

Bad debt expense (recovery) was $380,866, $30,366, and $(66,532) for the years ended December 31, 2020, 2019 and 2018, respectively.