ACCOUNTS RECEIVABLE

6 Months Ended

Jun. 30, 2015

NOTE 2 – ACCOUNTS RECEIVABLE

Accounts receivable at June 30, 2015 and December 31, 2014 consisted of the following:

	June 30, 2015			December 31, 2014
	USD			USD
Accounts receivable		38,800,023			19,836,768
Less: Allowance for doubtful accounts		(471,192	)		(433,948	)
Total		38,328,831			19,402,820

The activity in the allowance for doubtful accounts for the six months ended June 30, 2015 and 2014 are as follows:

	For the six months ended
	June 30, 2015		June 30, 2014
	USD		USD
Beginning balance		433,948		460,689
Provisions		35,372		1,477
Recoveries		-		-
Write-offs		-		-
Foreign currency translation adjustment		1,872		(3,380	)
Ending balance		471,192		458,786