ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

ACCOUNTS RECEIVABLE

NOTE 2. ACCOUNTS RECEIVABLE

	December 31, 2018			December 31, 2017
Accounts receivable under normal 30 day terms	$	2,165,820		$	1,493,084
Financed contracts:
Current portion of long-term		866,494			1,741,669
Long-term, net of current portion		1,030,354			1,515,120
Total accounts receivable		4,062,668			4,749,873
Less allowance for doubtful accounts		(165,840	)		(181,473	)
Accounts receivable, net	$	3,896,828		$	4,568,400
Presented on the balance sheet as:
Accounts receivable, net	$	2,866,474		$	3,053,280
Long-term accounts receivable - financed contracts		1,030,354			1,515,120

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, 2018 and 2017 is $1,896,848 and $3,256,789, respectively, with an offset to contract liabilities on the balance sheet of $1,690,660 and $3,313,772 at December 31, 2018 and 2017, respectively.

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

	December 31, 2018			December 31, 2017
Accounts receivable allowance, beginning of year	$	181,473		$	200,266
Provision adjustment		125,405			131,454
Write-off		(141,038	)		(150,247	)
Accounts receivable allowance, end of year	$	165,840		$	181,473

The allowance for doubtful accounts as of December 31, 2018 is $104,040 for the trade receivables and $61,800 for financed contracts. The allowance for doubtful accounts as of December 31, 2017 is $181,473 for the trade receivables and $0 for financed contracts.