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ACCOUNTS RECEIVABLE AND DUE TO FACTOR	12 Months Ended
Dec. 31, 2015
Notes to Financial Statements
NOTE 4 - ACCOUNTS RECEIVABLE AND DUE TO FACTOR	Accounts receivable are receivables generated from sales to customers and progress billings on performance type contracts. Amounts included in accounts receivable are deemed to be collectible within the Company's operating cycle. Management provides an allowance for doubtful accounts based on the Company's historical losses, specific customer circumstances, and general economic conditions. Periodically, management reviews accounts receivable and adjusts the allowance based on current circumstances and charges off uncollectible receivables when all attempts to collect have been exhausted and the prospects for recovery are remote. As of December 31, 2015 and 2014, the Company's accounts receivable was $3,463,161 and $28,732, net of allowance for doubtful accounts of $600,000 and $-0-, respectively. The Company's majority owned subsidiary, Progress Advocates LLC entered into a factoring agreement on a recourse basis. The recourse agreement provides for the Company to receive an advance of between 30% - 96% of any accounts receivable that it factors with 62% - 0% held in reserve. The average amount received from these recourse agreements was 50.9% and the average amount reserved was 42.1%. The factoring agreement also provides for discount fees of 4% - 8% of the face value of any accounts receivable factored, plus additional charges for other transaction fees. The agreement may be terminated by either party at any time and will continue unless either party formally cancels. As of December 31, 2015 and 2014, the Company's outstanding obligation under the factoring agreement was $2,442,935 and $-0-, respectively.

ACCOUNTS RECEIVABLE AND DUE TO FACTOR

12 Months Ended

Dec. 31, 2015

NOTE 4 - ACCOUNTS RECEIVABLE AND DUE TO FACTOR

Accounts receivable are receivables generated from sales to customers and progress billings on performance type contracts. Amounts included in accounts receivable are deemed to be collectible within the Company's operating cycle. Management provides an allowance for doubtful accounts based on the Company's historical losses, specific customer circumstances, and general economic conditions. Periodically, management reviews accounts receivable and adjusts the allowance based on current circumstances and charges off uncollectible receivables when all attempts to collect have been exhausted and the prospects for recovery are remote. As of December 31, 2015 and 2014, the Company's accounts receivable was $3,463,161 and $28,732, net of allowance for doubtful accounts of $600,000 and $-0-, respectively.

The Company's majority owned subsidiary, Progress Advocates LLC entered into a factoring agreement on a recourse basis. The recourse agreement provides for the Company to receive an advance of between 30% - 96% of any accounts receivable that it factors with 62% - 0% held in reserve. The average amount received from these recourse agreements was 50.9% and the average amount reserved was 42.1%. The factoring agreement also provides for discount fees of 4% - 8% of the face value of any accounts receivable factored, plus additional charges for other transaction fees. The agreement may be terminated by either party at any time and will continue unless either party formally cancels. As of December 31, 2015 and 2014, the Company's outstanding obligation under the factoring agreement was $2,442,935 and $-0-, respectively.