ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2016

Accounts Receivable [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

ACCOUNTS RECEIVABLE

NOTE 2 – ACCOUNTS RECEIVABLE

Accounts receivable at March 31, 2016 and December 31, 2015 consisted of the following:

	March 31, 2016		December 31, 2015
	USD		USD
Accounts receivable		31,038,944		25,588,593
Less: Allowance for doubtful accounts		(445,842)		(443,624)
Total		30,593,102		25,144,969

The activity in the allowance for doubtful accounts-accounts receivable for the three months ended March 31, 2016 and 2015 are as follows:

	For the Three Months Ended
	March 31,		March 31,
	2016		2015
	USD		USD
Beginning balance		443,624		433,948
Provisions		-		23,656
Recoveries		-		-
Write-offs		-		-
Foreign currency translation adjustment		2,218		(258)
Ending balance		445,842		457,346