ACCOUNTS RECEIVABLE

6 Months Ended

Jun. 30, 2012

ACCOUNTS RECEIVABLE [Text Block]

NOTE 3 – ACCOUNTS RECEIVABLE
Accounts receivable at June 30, 2012 and December 31, 2011 consisted of the following:
		June 30, 2012			December 31, 2011
Accounts receivable	$	21,978,738		$	17,171,460
Less: Allowance for doubtful accounts		(438,859	)		(414,092	)
Total	$	21,539,879		$	16,757,368

A reversal of the allowance for doubtful accounts of $12,953 and $10,419 was recorded in the three months ended June 30, 2012 and 2011, respectively. A provision for doubtful accounts of $21,895 and a reversal of the allowance for doubtful accounts of $19,377 was recorded for the six months ended June 30, 2012 and 2011, respectively. There were no write-off of accounts receivable for the three and six months ended June 30, 2012 and June 30, 2011, respectively.