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ACCOUNTS RECEIVABLE
 9 Months Ended
Sep. 30, 2022
ACCOUNTS RECEIVABLE  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

As of September 30, 2022 and December 31, 2021, accounts receivable consisted of the following:

 

 

 

September 30

 

 

 December 31

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Accounts receivable

 

$306,288

 

 

$144,246

 

Accounts receivable – related parties*

 

 

153,778

 

 

 

137,297

 

Allowance for doubtful accounts

 

 

(2,517)

 

 

-

 

Total accounts receivable

 

$457,549

 

 

$281,543

 

 

*

Includes $122,352 and $132,147 as of September 30, 2022 and December 31, 2021 respectively, due from UST Mexico, Inc. for Hemp products (72%) and manufacturing services (28%). See Note 11 for additional information on related party transactions related to receivables.