Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Summary of significant accounting policies: Accounts receivable (Policies)

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Note 2 - Summary of significant accounting policies: Accounts receivable (Policies)
3 Months Ended
Mar. 31, 2021
Policies  
Accounts receivable

Accounts receivable

 

Accounts receivables 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 historical losses as a percent of revenue in conjunction with a review of outstanding balances on a quarterly basis. The estimate of the 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, 2021 and December 31, 2020, the Company has an allowance for doubtful receivables in the amount of $65,631 and $59,461, respectively.