ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 30, 2013

NOTE 2 – ACCOUNTS RECEIVABLE

Accounts receivable at September 30, 2013 and December 31, 2012 consisted of the following:

	September 30, 2013		December 31, 2012
	USD		USD
Accounts receivable		22,831,402		11,621,851
Less: Allowance for doubtful accounts		(426,868)		(415,607)
Total		22,404,534		11,206,244

No provision for doubtful accounts was recorded during the three months ended September 30, 2013 and 2012. A provision for doubtful accounts of nil and $21,876 was recorded for the nine months ended September 30, 2013 and 2012, respectively. There was no write-off of accounts receivable for the three and nine months ended September 30, 2013 and 2012, respectively.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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