Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS RECEIVABLE

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ACCOUNTS RECEIVABLE
9 Months Ended
Sep. 30, 2014
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
NOTE 4 – ACCOUNTS RECEIVABLE
 
At September 30, 2014 and December 31, 2013, accounts receivable consisted of the following:
 
 
 
September 30, 2014
 
December 31, 2013
 
 
 
 
 
(As Restated)
 
Accounts receivable
 
$
41,566,819
 
$
9,133,130
 
Less: allowance for doubtful accounts
 
 
-
 
 
-
 
 
 
$
41,566,819
 
$
9,133,130
 
 
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. The Company did not make any allowance for doubtful accounts for the three and nine months ended September 30, 2014 and 2013.