General form of registration statement for all companies including face-amount certificate companies

Accounts Receivable

v3.21.2
Accounts Receivable
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Receivables [Abstract]    
ACCOUNTS RECEIVABLE

NOTE 4 – ACCOUNTS RECEIVABLE

 

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

 

    September 30,
2021		     December 31,
2020		  
Accounts receivable   $ 597,209     $ 282,177  
Less: allowance for doubtful accounts     (277,480 )     (202,480 )
Accounts receivable, net   $ 319,729     $ 79,697  

 

For the nine months ended September 30, 2021 and 2020, bad debt expense amounted to $35,000 and $19,400, respectively, which is included in general and administrative expenses on the accompanying unaudited condensed consolidated statements of operations.

NOTE 3 – ACCOUNTS RECEIVABLE

 

On December 31, 2020 and 2019, accounts receivable consisted of the following:

    December 31,
2020		     December 31,
2019		  
Accounts receivable   $ 282,177     $ 151,989  
Less: allowance for doubtful accounts     (202,480 )    
-
  
Accounts receivable, net   $ 79,697     $ 151,989  

 

For the years ended December 31, 2020 and 2019, bad debt expense amounted to $202,480 and $992, respectively.