Accounts Receivable

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

ACCOUNTS RECEIVABLE

NOTE 2. ACCOUNTS RECEIVABLE

	December  31, 2019			December  31, 2018
Accounts receivable under normal 30 day terms	$	1,649,695		$	2,165,820
Financed contracts:
Current portion of long-term		1,086,820			866,494
Long-term, net of current portion		2,253,667			1,030,354
Total accounts receivable		4,990,182			4,062,668
Less allowance for doubtful accounts		(198,623	)		(165,840	)
Accounts receivable, net	$	4,791,559		$	3,896,828
Presented on the balance sheet as:
Accounts receivable, net	$	2,537,892		$	2,866,474
Long-term accounts receivable - financed contracts		2,253,667			1,030,354

The allowance for financed and trade receivable represents management's estimate of probable losses in our trade and financed receivables as of the date of the financial statements. The allowance provides for probable losses that have been identified with specific customer relationships and for probable losses believed to be inherent of the trade and financed receivables, but that have not been specifically identified.

Included in accounts receivable - Financed contracts at December 31, 2019 and 2018 is $3,340,487 and $1,896,848, respectively, with an offset to contract liabilities on the balance sheet of $3,148,410 and $1,690,660 at December 31, 2019 and 2018, respectively.

A roll-forward of the Company's allowance for doubtful accounts for the years ended is as follows:

	December  31, 2019			December  31, 2018
Accounts receivable allowance, beginning of year	$	165,840		$	181,473
Provision adjustment		115,000			125,405
Write-off		(82,217	)		(141,038	)
Accounts receivable allowance, end of year	$	198,623		$	165,840

The allowance for doubtful accounts as of December 31, 2019 is $42,623 for the trade receivables and $156,000 for financed contracts. The allowance for doubtful accounts as of December 31, 2018 is $104,040 for the trade receivables and $61,800 for financed contracts.