Quarterly report [Sections 13 or 15(d)]

ACCOUNTS RECEIVABLE AND ACCOUNTS RECEIVABLE, RELATED PARTIES

v3.26.1
ACCOUNTS RECEIVABLE AND ACCOUNTS RECEIVABLE, RELATED PARTIES
3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
ACCOUNTS RECEIVABLE AND ACCOUNTS RECEIVABLE, RELATED PARTIES

NOTE 3 – ACCOUNTS RECEIVABLE AND ACCOUNTS RECEIVABLE, RELATED PARTIES

 

Accounts receivable were as follows at March 31, 2026 and December 31, 2025:

           
    March 31,
2026
    December 31,
2025
 
Accounts receivable   $ 2,603,501     $ 730,211  
Accounts receivable, related parties     688,214       5,304,231  
Allowance for credit losses     (65,312 )      
Accounts receivable, net   $ 3,226,403     $ 6,034,442  

  

The Company recorded credit loss (recovery) expense in the amount of $65,312 and $(76,037) for the three months ended March 31, 2026 and March 31, 2025, respectively.

 

The activity related to our allowance for credit losses at March 31, 2026 and December 31, 2025 is summarized below.

           
    March 31,
2026
    December 31,
2025
 
Allowance for credit losses, beginning balance   $     $ (76,037 )
Allowance for credit losses provision     (65,312 )      
Less recoveries           76,037  
Allowance for credit losses, ending balance   $ (65,312 )   $