ACCOUNTS RECEIVABLE

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2021

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.

NOTE 3 – ACCOUNTS RECEIVABLE

As of December 31, 2021 and 2020, accounts receivable consisted of the following:

	December 31,		December 31,
	2021		2020
Accounts receivable	$	144,246	$	10,390
Accounts receivable – related parties*		137,297		5,587
Allowance for doubtful accounts		-		(10,290	)
Total accounts receivable	$	281,543	$	5,687

* Due from UST Mexico, Inc. for Hemp products (70%) and manufacturing services (30%)

See Note 11 for additional information on related party transactions related to receivables.