TRADE ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 30, 2014

TRADE ACCOUNTS RECEIVABLE [Text Block]

4. TRADE ACCOUNTS RECEIVABLE

		9/30/2014			12/31/2013
Trade accounts receivable	$	45,935,723		$	54,511,350
Less : Allowance for doubtful accounts		(786,332	)		(439,875	)
	$	45,149,391		$	54,071,475

Allowance for bad debt:		9/30/2014			12/31/2013
Beginning balance	$	(439,875	)	$	(443,898	)
Bad debt written-off		(346,457	)		4,023
Ending balance	$	(786,332	)	$	(439,875	)

The Company offers credit terms of between 30 to 60 days to most of their domestic customers, including supermarkets and wholesalers, around 90 days to most of their international customers, and between 0 to 15 days for most of the third-party distributors the Company works with.