Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v2.4.1.9
Accounts Receivable
 3 Months Ended
Mar. 31, 2015
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Note 3 – Accounts Receivable
 
Accounts receivable, net consisted of the following:
 
 
March 31,
 
December 31,
 
 
 
2015
 
2014
 
 
 
unaudited
 
 
 
 
Trade receivables
 
$
706,879
 
$
231,412
 
Grant receivables
 
 
-
 
 
132,227
 
Other receivables
 
 
126,591
 
 
107,657
 
 
 
 
833,470
 
 
471,296
 
Allowance for doubtful accounts
 
 
-
 
 
(24,775)
 
 
 
$
833,470
 
$
446,521
 
 
For the three months ended March 31, 2015, a $24,775 trade receivable from a customer was written-off as it was determined that the probability of collection is remote. The receivable had been fully reserved at December 31, 2014. There was no allowance for doubtful accounts as of March 31, 2015.