Annual report pursuant to Section 13 and 15(d)

Allowance for Doubtful Accounts, Net

v3.23.1
Allowance for Doubtful Accounts, Net
12 Months Ended
Dec. 31, 2022
Allowance for Credit Loss [Abstract]  
ALLOWANCE FOR DOUBTFUL ACCOUNTS, NET
C. ALLOWANCE FOR DOUBTFUL ACCOUNTS, NET:

 

The Company uses the allowance method to account for uncollectible accounts receivable balances. Under the allowance method, an estimate of uncollectible customer balances is made based on the Company’s prior history and other factors such as credit quality of the customer and economic conditions of the market. Based on these factors, at December 31, 2022 and December 31, 2021, there was an allowance for doubtful accounts of $264,160 and $302,929, respectively.