NOTE 4 – ACCOUNTS RECEIVABLE
The Company accrued an allowance for bad debts related to its accounts receivable. The accounts receivable and allowance balances at December 31, 2011 and 2010 were as follows:
| |
|
December 31, 2011 |
|
|
December 31, 2010 |
|
| Accounts receivable |
|
$ |
3,268,221 |
|
|
$ |
1,579,750 |
|
| Allowance for bad debts |
|
|
(102,429 |
) |
|
|
(46,854 |
) |
| Accounts receivable, net |
|
$ |
3,165,792 |
|
|
$ |
1,532,896 |
|
|