Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v3.2.0.727
Accounts Receivable
 6 Months Ended
Jun. 30, 2015
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Note 3 – Accounts Receivable
 
Accounts receivable, net consisted of the following:
 
 
 
June 30,
 
December 31,
 
 
 
2015
 
2014
 
 
 
(unaudited)
 
 
 
Trade receivables
 
$
717,382
 
$
231,412
 
Grant receivables
 
 
-
 
 
132,227
 
Other receivables
 
 
40,082
 
 
107,657
 
 
 
 
757,464
 
 
471,296
 
Allowance for doubtful accounts
 
 
-
 
 
(24,775)
 
 
 
$
757,464
 
$
446,521
 
 
For the six months ended June 30, 2015, $79,566 of trade receivables from customers were written-off as it was determined that the probability of collection was remote, of which $24,775 had been reserved at December 31, 2014.