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Receivables
 12 Months Ended
Dec. 31, 2013
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Note 7 — Receivables
 
Accounts and royalties receivable, net consisted of the following:
 
 
 
December 31, 2013
 
 
December 31, 2012
 
Trade receivables
 
$
2,449,199
 
 
$
1,133,400
 
Other receivables
 
 
1,493,979
 
 
 
643,051
 
 
 
 
3,943,178
 
 
 
1,776,451
 
Less allowance for doubtful accounts
 
 
(16,497
)
 
 
(42,709
)
 
 
$
3,926,681
 
 
$
1,733,742
 
 
Other receivables consist primarily of royalties and transition service fees due from Arthrex and the cost of raw materials needed to manufacture the Angel products that are sourced by the Company and immediately resold, at cost, to the contract manufacturer.
 
The following table reflects the approximate change in allowance for doubtful accounts.
 
 
 
Balance at
Beginning of Period
 
 
Charged to Costs
and Expenses
 
 
Balances charged-off
 
 
Balance at End of
Period
 
Year Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for doubtful accounts
 
$
42,709
 
 
$
75,166
 
 
$
(101,378
)
 
$
16,497
 
Year Ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for doubtful accounts
 
$
38,233
 
 
$
42,625
 
 
$
(38,149
)
 
$
42,709