Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v3.5.0.2
Accounts Receivable
 6 Months Ended
Jun. 30, 2016
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,
 
 
 
2016
 
2015
 
 
 
(unaudited)
 
 
 
Trade receivables
 
$
392,858
 
$
803,599
 
Other receivables
 
 
33,755
 
 
84,420
 
 
 
 
426,613
 
 
888,019
 
Allowance for doubtful accounts
 
 
(15,475)
 
 
(15,145)
 
 
 
$
411,138
 
$
872,874
 
 
The Company had receivable balances from three customers that accounted for 87% of trade receivables at June 30, 2016. The Company had revenue from two customers which accounted for 59% and 22% of net revenue for the three months ended June 30, 2016 and revenue from two customers which accounted for 42% and 21% of net revenue for the six months ended June 30, 2016.