Note 8 - Accounts Receivable

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Accounts and Nontrade Receivable [Text Block]

Note 10. VAT Receivable

On January 1, 2021, VAT rules relating to imports and exports between the UK and EU changed as a result of the UK’s departure from the EU. As of September 30, 2023 and December 31, 2022, the Company recorded a receivable in the amount of approximately $369,000 and $433,000, respectively, for amounts available to reclaim against the tax liability from UK and EU countries.

Accounts Receivable [Member]

Notes to Financial Statements

Accounts and Nontrade Receivable [Text Block]

Note 8. Accounts Receivable

              At September 30, 2023 and December 31, 2022, accounts receivable consisted of the following:

	September 30, 2023			December 31, 2022
	(Unaudited)			(Audited)
Gross accounts receivable – trade	$	8,039,121		$	383,786
Less: allowance for doubtful accounts		(237,000	)		-
Accounts receivable – trade, net	$	7,802,121		$	383,786

Bad debt expense was approximately $12,000 and $- for the three and nine months ended September 30, 2023 and 2022, respectively.

Accounts receivable – trade, net for the Company as of January 1, 2022 and  September 30, 2022 were approximately $0.3 million and $0.7 million, respectively.