Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Accounts Receivable

v3.22.1
Accounts Receivable
12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

At December 31, 2021 and 2020, accounts receivable consisted of the following:

 

    December 31,
2021
    December 31,
2020
 
Accounts receivable   $ 27,430,537     $ 32,357,692  
Less: allowance for doubtful accounts     (568,710 )     (411,131 )
    $ 26,861,827     $ 31,946,561  

 

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 was $178,244, $380,866, and $8,050 for the years ended December 31, 2021, 2020 and 2019, respectively.