ACCOUNTING POLICIES AND NATURE OF OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2023

ACCOUNTING POLICIES AND NATURE OF OPERATIONS

Summary of Allowance for Doubtful Accounts

 

	December 31,
	2023			2022
Beginning Balance	$	51,734		$	1,583
Provision for credit losses (+)		300,431			120,554
Receivables written off (-)		(91,307	)		(70,403	)
Ending Balance	$	260,858		$	51,734

Schedule of Disaggregation of Revenue

	For the Years Ended
	December 31, 2023							December 31, 2022
	Revenues		Gross Profit		Margin			Revenues		Gross Profit		Margin
Consumer
Resale	$	117,918,242		12,691,309		10.8	%	$	122,468,154		14,240,795		11.6	%
Recycled		11,495,427		2,957,249		25.7	%		8,639,279		1,993,644		23.1	%
Subtotal		129,413,669		15,648,558		12.1	%		131,107,433		16,234,439		12.4	%
Commercial
Resale		31,615,587		20,068,156		63.5	%		39,747,631		22,119,853		55.7	%
Recycled		10,644,832		5,939,816		55.8	%		11,830,790		6,472,794		54.7	%
Subtotal		42,260,419		26,007,972		61.5	%		51,578,421		28,592,647		55.4	%
	$	171,674,088	$	41,656,530		24.3	%	$	182,685,854	$	44,827,086		24.5	%

Schedule of list of opening and closing balance of our contract assets and liabilities

 

	Accounts Receivable		Contract Assets		Contract Liabilities
Consumer
Opening balance - 1/1/2022		510,168		-		595,840
Closing balance - 12/31/2022		839,239		-		196,382
Commercial
Opening balance - 1/1/2022		6,656,365		-		-
Closing balance - 12/31/2022		7,110,535		-		-
	Accounts Receivable		Contract Assets		Contract Liabilities
Consumer
Opening balance - 1/1/2023		839,239		-		196,382
Closing balance - 12/31/2023		3,411,500		-		58,728
Commercial
Opening balance - 1/1/2023		7,110,535		-		-
Closing balance - 12/31/2023		4,399,658		-		-