Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS RECEIVABLE, NET

v3.22.2
ACCOUNTS RECEIVABLE, NET
6 Months Ended
Jun. 30, 2022
Credit Loss [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 5. ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net, consists of amounts due from invoiced customers and product deliveries and were as follows:

 

                 
    June 30,     December 31,  
    2022     2021  
Trade receivables   $ 2,046,968     $ 1,142,567  
Less: Allowance for doubtful accounts     (124,000 )     (173,138 )
Accounts receivable, net   $ 1,922,968     $ 969,429  

 

The Company reduced allowance for doubtful accounts by $49,138 for the six months ending June 30, 2022, due to collecting on past due accounts, and recorded $2,069 of bad debt expense for the six months ending June 30, 2022.