ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

ACCOUNTS RECEIVABLE

NOTE 5 – ACCOUNTS RECEIVABLE

Accounts receivable consisted of the following as of March 31, 2023 and December 31, 2022:

	March 31,			December 31,
	2023			2022
Accounts receivable	$	6,168,807		$	6,273,276
Less: Allowance for doubtful accounts		(5,685,960	)		(3,320,983	)
Accounts receivable, net	$	482,847		$	2,952,293

The Company performed an analysis of the trade receivables related to Optilan (UK) Limited and determined that an additional $2,364,977 may not be collectible pursuant to the Optilan Liquidation. As of March 31, 2023, the Company recorded a bad debt provision for this amount.