Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

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Accounts Receivable
9 Months Ended
Sep. 30, 2015
Accounts Receivable [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

 

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

 

    September 30, 2015     December 31, 2014  
Accounts receivable   $ 11,270,813     $ 51,173,833  
Less: allowance for doubtful accounts     (1,049,462 )     (1,174,121 )
    $ 10,221,351     $ 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.