Ideal Power Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

Accounts Receivable

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Note 3 – Accounts Receivable

Accounts receivable, net consisted of the following:

	March 31, 2018		December 31, 2017
	(unaudited)
Trade receivables	$	307,892	$	378,894
Other receivables		25,059		20,589
		332,951		399,483
Allowance for doubtful accounts		(180,235)		(178,399)
	$	152,716	$	221,084

The Company had receivable balances from four customers that accounted for 73% of net trade receivables at March 31, 2018.

Activity in the allowance for doubtful accounts was as follows:

Balance at December 31, 2017	$	(178,399)
Write offs		16,399
Provisions		(18,235)
Balance at March 31, 2018	$	(180,235)

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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