CONTRACT ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2022

Contract Assets Net

SCHEDULE OF CONTRACT ASSETS

Contract assets consist of the following:

	December 31,
	2022			2021
Contract assets
Balance at beginning of the year	$	943,369		$	305,928
Additions		797,302			1,609,920
Changes due to billings		(804,156	)		(862,830	)
Allowance for expected credit loss and bad debt written-off		100,486			(109,013	)
Exchange adjustment		457			(636	)
Balance at end of year	$	1,037,458		$	943,369

SCHEDULE OF CONTRACT ASSETS ALLOWANCES FOR EXPECTED CREDIT LOSS

The movement of allowances for expected credit loss is as follow: 

	December 31,
	2022			2021
Balance at beginning of the year	$	(108,965	)	$	(3,519	)
Provision		(3,628	)		(105,802	)
Bad debt written-off		104,114			-
Exchange adjustment		425			356
Ending balance	$	(8,054	)	$	(108,965	)