Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v3.4.0.3
Accounts Receivable
 3 Months Ended
Mar. 31, 2016
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,
 
 
 
2016
 
2015
 
 
 
unaudited
 
 
 
Trade receivables
 
$
418,004
 
$
803,599
 
Other receivables
 
 
44,912
 
 
84,420
 
 
 
 
462,916
 
 
888,019
 
Allowance for doubtful accounts
 
 
(15,145)
 
 
(15,145)
 
 
 
$
447,771
 
$
872,874
 
 
The Company had receivable balances from three customers that accounted for 76% of trade receivables at March 31, 2016. Also, the Company had revenue from three customers which accounted for 35%, 32% and 14% of net revenue for the three months ended March 31, 2016.