Accounts Receivable

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Accounts Receivable

(7) Accounts Receivable

The Company establishes an individualized credit and collection policy based on each individual customer's credit history. The Company does not have a uniform policy that applies equally to all customers. The collection period usually ranges from three months to twelve months. The Company grants extended payment terms only when the Company believes that the payment will be collectible at the end of the term. The Company grants extended payment terms to customers if based on the following factors: (a) whether or not the Company views a real need, from the customer's perspective, for the extension and (b) how critical the Company's relationship with the customer and is the customer the Company's long-term business. The Company grants extended payment terms only when the Company believes that the payment will be collectible at the end of the term. This meets the criteria of revenue recognition under U.S. GAAP, which requires that collection of the resulting receivable be reasonably assured.

As of December 31, 2018 and December 31, 2017, accounts receivable consisted of the following:

	December 31, 2018		December 31, 2017
Amount outstanding	$	5,587	$	3,640
Less: Allowance for doubtful accounts		-		-
Net amount	$	5,587	$	3,640