Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

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Accounts Receivable
 9 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

At September 30, 2021 and December 31, 2020, accounts receivable consisted of the following:

 

    September 30,
2021		     December 31,
2020		  
    (Unaudited)        
Accounts receivable   $ 22,991,713     $ 32,357,692  
Less: allowance for doubtful accounts     (1,168,466 )     (411,131 )
    $ 21,823,247     $ 31,946,561  

 

The Company reviews the accounts receivable on a periodic basis and makes general and specific allowance when there is doubt as to the collectability of an individual balance. Bad debt expense was $246,105 and $188,293 for the three months ended September 30, 2021 and 2020, respectively. Bad debt expense was $756,463 and $245,498 for the nine months ended September 30, 2021 and 2020, respectively.