NOTE 4: DUE FROM FACTOR
Due to/from factor consist of the following:
|
|
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
2023 |
|
2022 |
Outstanding receivables: |
|
|
|
|
|
|
Without recourse |
|
$ |
1,065,335 |
|
$ |
1,680,042 |
With recourse |
|
|
76,956 |
|
|
65,411 |
Matured funds and deposits |
|
|
108,147 |
|
|
81,055 |
Advances |
|
|
(415,201) |
|
|
(632,826) |
Credits due customers |
|
|
(244,984) |
|
|
(354,282) |
|
|
$ |
590,253 |
|
$ |
839,400 |
|