Quarterly report [Sections 13 or 15(d)]

ACCOUNTS RECEIVABLE

v3.25.1
ACCOUNTS RECEIVABLE
3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

Accounts receivable were as follows at March 31, 2025 and December 31, 2024:

           
    March 31,
2025
    December 31,
2024
 
Accounts receivable   $ 215,060     $ 185,044  
Accounts receivable - related party    

1,760,625

     

294,434

 
Allowance for credit losses           (76,037 )
Accounts receivable, net   $ 1,975,685     $ 403,441  

 

The Company recorded bad debt expense (recovery) of $(76,307) and zero for the three months ended March 31, 2025 and 2024, respectively.

 

A summary of the activity related to our allowance for credit losses at March 31, 2025 and December 31, 2024 is summarized below. 

               
    March 31,
2025
    December 31,
2024
 
Allowance for credit losses, beginning balance   $ (76,037 )   $  
Allowance for credit losses provision           (76,037 )
Less recoveries     76,037        
Allowance for credit losses, ending balance   $     $ (76,037 )