Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v3.5.0.2
Accounts Receivable
9 Months Ended
Sep. 30, 2016
Accounts Receivable [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

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

 

    September 30, 2016     December 31, 2015  
Accounts receivable   $ 3,391,653     $ 12,947,676  
Less: allowance for doubtful accounts     (251,610 )     (372,634 )
    $ 3,140,043     $ 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.