Note 2 - Summary of significant accounting policies: Accounts Receivable (Policies)
|3 Months Ended|
Mar. 31, 2020
Accounts receivable consist of trade accounts arising in the normal course of business and are classified as current assets and carried at original invoice amounts less an estimate for doubtful receivables based on a review of outstanding balances on a quarterly basis. The estimate of allowance for doubtful accounts is based on the Company's bad debt experience, market conditions, and aging of accounts receivable, among other factors. If the financial condition of the Company's customers deteriorates resulting in the customer's inability to pay the Company's receivables as they come due, additional allowances for doubtful accounts will be required. At March 31, 2020 and December 31, 2019, the Company has recorded an allowance in the amount of $50,353 and $38,984, respectively.
Disclosure of accounting policy for receivable. Includes, but is not limited to, accounts receivable and financing receivable.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef