Annual report pursuant to Section 13 and 15(d)

Accounts Receivable

v3.3.1.900
Accounts Receivable
12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 4 – ACCOUNTS RECEIVABLE

 

At December 31, 2015 and 2014, accounts receivable consisted of the following:

 

    December 31, 2015     December 31, 2014  
Accounts receivable   $ 12,947,676     $ 51,173,833  
Less: allowance for doubtful accounts     (372,634 )     (1,174,121 )
    $ 12,575,042     $ 49,999,712  

 

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.