Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

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

Accounts receivable, net, consists of the following at December 31:

	2020		2019
Accounts receivable	$	9,298,135	$	8,552,120
Allowances for doubtful accounts	(92,792)		(69,433)
Accounts receivable, net	$	9,205,343	$	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 1)	47,011
Charged to income	26,942
Translation Adjustments	510
Writeoffs	(51,104)
Balance at December 31, 2020	$	92,792

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 December 31, 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 that are outside of our control, which could cause credit losses to increase.