Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

v3.5.0.2
Accounts Receivable
 9 Months Ended
Sep. 30, 2016
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Note 3 – Accounts Receivable
 
Accounts receivable, net consisted of the following:
 
 
 
September 30,
 
December 31,
 
 
 
2016
 
2015
 
 
 
(unaudited)
 
 
 
Trade receivables
 
$
500,212
 
$
803,599
 
Other receivables
 
 
35,182
 
 
84,420
 
 
 
 
535,394
 
 
888,019
 
Allowance for doubtful accounts
 
 
(85,375)
 
 
(15,145)
 
 
 
$
450,019
 
$
872,874
 
 
The Company had receivable balances from two customers that accounted for 76% of trade receivables at September 30, 2016. The Company had revenue from three customers which accounted for 36%, 19% and 14% of net revenue for the three months ended September 30, 2016 and revenue from two customers which accounted for 40% and 17% of net revenue for the nine months ended September 30, 2016.