Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

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Accounts Receivable
6 Months Ended
Jun. 30, 2015
Accounts Receivable [Abstract]  
Accounts receivable

NOTE 3 – ACCOUNTS RECEIVABLE

 

At June 30, 2015 and December 31, 2014, accounts receivable consisted of the following:

 

    June 30,
2015
    December 31, 
2014
 
Accounts receivable   $ 15,039,495     $ 51,173,833  
Less: allowance for doubtful accounts     (1,017,513 )     (1,174,121 )
    $ 14,021,982     $ 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.