Annual report [Section 13 and 15(d), not S-K Item 405]

ACCOUNTS RECEIVABLE

v3.26.1
ACCOUNTS RECEIVABLE
12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

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

           
    December 31,
2025
    December 31,
2024
 
Accounts receivable   $ 730,211     $ 185,044  
Accounts receivable, related parties     5,304,231       294,434  
Allowance for credit losses           (76,037 )
Accounts receivable, net   $ 6,034,442     $ 403,441  

  

The Company recorded credit loss (recovery) expense in the amount of $(76,037) and $76,037 for the years ended December 31, 2025 and December 31, 2024, respectively.

 

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

           
    December 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 )