Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

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Accounts Receivable
6 Months Ended
Jun. 30, 2016
Accounts Receivable [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

At June 30, 2016 and December 31, 2015, accounts receivable consisted of the following:

 

    June 30,
2016
    December 31, 
2015
 
Accounts receivable   $ 3,454,569     $ 12,947,676  
Less: allowance for doubtful accounts     (215,924 )     (372,634 )
    $ 3,238,645     $ 12,575,042  

 

The Company reviews the accounts receivable on a periodic basis and makes general and specific allowance when there is doubt as to the collectability of individual balance.