Accounts Receivable (Tables)

9 Months Ended

Sep. 26, 2020

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Text Block]

Accounts receivable, net, consists of the following:

	September 26, 2020		December 31, 2019
Accounts receivable	$	8,053,819	$	8,552,120
Allowances for doubtful accounts	(95,144)		(69,433)
	$	7,958,675	$	8,482,687

Allowances for doubtful accounts consists of the following:

Balance at December 31, 2019	$	69,433
Effect of adoption of ASU No. 2016-13 (Note B)	47,011
Charged to income	22,139
Translation Adjustments	(1,215)
Writeoffs	(42,224)
Balance at September 26, 2020	$	95,144

The company has considered the current credit condition of its customers in estimating the expected credit losses and has not experienced significant changes in customers’ payment trends or significant deterioration in customers’ credit risk as of September 26, 2020. The global economic impact from COVID-19 may adversely affect the credit condition of some of our customers. The impact of COVID-19 on our customers’ credit condition is highly uncertain and will largely depend on the outcome of future events, which could cause credit losses to increase.