Accounts Receivable, Net

6 Months Ended

Jun. 30, 2023

Accounts receivable, Net [Abstract]

ACCOUNTS RECEIVABLE, NET

NOTE 4 – ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following: 

	As of June 30, 2023			As of December 31, 2022
Accounts receivable	$	21,319,741		$	13,215,228
Allowance for credit losses		(7,849,131	)		(8,047,527	)
Accounts receivable, net	$	13,470,610		$	5,167,701

The movement of allowance of doubtful accounts is as follows: 

	For the six months ended June 30,
	2023			2022
Balance at beginning of the period	$	8,047,527		$	5,744,387
Current year addition		125,369			1,760,973
Foreign currency translation adjustments		(323,765	)		(347,129	)
Balance at end of the period	$	7,849,131		$	7,158,231

Doubtful accounts provision was $125,369 and $1,760,973 recorded for the six months ended June 30, 2023 and 2022, respectively.