Quarterly report [Sections 13 or 15(d)]

ACCOUNTS RECEIVABLE AND ACCOUNTS RECEIVABLE, RELATED PARTIES

v3.26.1
ACCOUNTS RECEIVABLE AND ACCOUNTS RECEIVABLE, RELATED PARTIES
6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
ACCOUNTS RECEIVABLE AND ACCOUNTS RECEIVABLE, RELATED PARTIES

NOTE 4 – ACCOUNTS RECEIVABLE AND ACCOUNTS RECEIVABLE, RELATED PARTIES 

 

Accounts receivable were as follows at June 30, 2026 and December 31, 2025:

Schedule of accounts receivable            
    June 30,
2026
    December 31,
2025
 
Accounts receivable   $ 3,105,172     $ 621,927  
Accounts receivable - related parties     222,923       5,304,231  
Holdback receivable - related parties     10,013,872          
Total     13,341,967       5,926,158  
Allowance for credit losses     (40,561 )      
Accounts receivable, net   $ 13,301,406     $ 5,926,158  

   

The Company recorded credit loss (recovery) expense in the amount of $40,561 and $0 for the six months ended June 30, 2026 and June 30, 2025, respectively.

 

The activity related to our allowance for credit losses at June 30, 2026 and December 31, 2025 is summarized below.

Schedule of allowance for doubtful accounts            
    June 30,
2026
    December 31,
2025
 
Allowance for credit losses, beginning balance   $     $  
Allowance for credit losses provision     (40,561 )      
Less recoveries            
Allowance for credit losses, ending balance   $ (40,561 )   $