Quarterly report pursuant to Section 13 or 15(d)

2. Critical Accounting Policies and Estimates (Tables)

v3.21.1
2. Critical Accounting Policies and Estimates (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Schedule of fair value measurement

The following is the Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis as of March 31, 2021 and December 31, 2020, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):

 

   

March 31,

2021

   

December 31,

2020

 
Level 1 – Marketable Securities Available-for-Sale – Recurring     491,412       276,782  
               
Schedule of Accounts Receivable

The following table depicts the composition of our accounts receivable as of March 31, 2021, and December 31, 2020:

 

   

March 31,

2021

   

December 31,

2020

 
Accounts receivable – trade   $ 2,524,718     $ 1,315,188  
Accounts receivable – related party           80,494  
Accounts receivable – litigation, non-current     3,063,968       3,063,968  
Allowance for doubtful accounts     (159,656 )     (44,808 )
Total accounts receivable   $ 5,429,031     $ 4,414,842