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Accounts Receivable and Unbilled Accounts Receivable
6 Months Ended
Jun. 30, 2013
Accounts Receivable and Unbilled Accounts Receivable [Abstract]  
Accounts Receivable and Unbilled Accounts Receivable
4. Accounts Receivable and Unbilled Accounts Receivable

 

Accounts receivable consist of the following for each of the periods presented below:

  

    JUNE 30,     DECEMBER 31,  
    2013     2012  
    (Unaudited)  
Commercial   $ 2,321,127     $ 2,546,268  
Government     2,938,726       4,462,984  
Gross accounts receivable     5,259,853       7,009,252  
Less: allowances for doubtful accounts     (30,527 )     (76,886 )
                 
Accounts receivable, net   $ 5,229,326     $ 6,932,366  

 

Unbilled accounts receivable consist of the following for each of the periods presented below:

 

    JUNE 30,     DECEMBER 31,  
    2013     2012  
    (Unaudited)  
Commercial   $ 341,053     $ 1,564,078  
Government     943,415       1,405,372  
                 
Unbilled accounts receivable   $ 1,284,468     $ 2,969,450  

 

Customers representing ten percent or more of consolidated revenues are set forth in the table below for each of the periods presented:

 

    THREE MONTHS ENDED     SIX MONTHS ENDED  
    JUNE 30,     JUNE 30,  
    2013     2012     2013     2012  
    As a % of     As a % of     As a % of     As a % of  
Customer Name   Revenues     Revenues     Revenues     Revenues  
    (Unaudited)     (Unaudited)  
Transportation Security Administration ("TSA")     20 %     19 %     19 %     18 %
Department of Homeland Security ("DHS")     18 %     17 %     18 %     17 %
Lockheed Martin Corporation     --       --       11 %     --  
Maryland Procurement     --       11 %     --       8 %

 

Customers representing ten percent or more of consolidated trade accounts receivable are set forth in the table below for each of the periods presented:

 

    JUNE 30,     DECEMBER 31,  
    2013     2012  
    As a % of     As a % of  
Customer Name   Receivables     Receivables  
    (Unaudited)  
Transportation Security Administration ("TSA")     12 %     12 %
Department of Homeland Security ("DHS")     13 %     19 %
Bureau of Alcohol Tabacco and Firearms ("ATF")     --       10 %