ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 30, 2013

3. ACCOUNTS RECEIVABLE

Accounts receivable consist of the following as of:

	September 30, 2013		December 31, 2012
Accounts receivable, gross	$	16,568,775	$	11,556,510
Adjustments for chargebacks and other allowances		(7,053,679)		(6,124,109)
Accounts receivable, net	$	9,515,096	$	5,432,401

- 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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