Accounts Receivable

6 Months Ended

Jun. 30, 2013

Accounts Receivable, Net [Abstract]

Accounts Receivable

Accounts receivable consist of the following at June 30, 2013 and December 31, 2012:

	6/30/2013			12/31/12
Trade receivables	$	10,863,370		$	699,207
Merchant bank receivables		296,381			-
Placement fees billed in advance of distribution		(4,354,111	)		-
Allowance for doubtful accounts		(942,405	)		-
	$	5,863,235		$	699,207

The Company had outstanding balances in accounts receivable from two customers representing 51% of trade receivables at June 30, 2013.  Revenues from these two customers represented 36% and 29% of total revenues for the three and six month periods ended June 30, 2013, respectively.  No other customers represented greater than 10% of net revenues in the three and six months ended June 30, 2013 or total trade receivables at June 30, 2013.

During the three and six month periods ended June 30, 2012 the Company had two customers in each period that represented approximately 66% (37% and 29%) and 60% (31% and 29%) of revenues for the respective periods.  At December 31, 2012 trade receivables from two customers represented approximately 67% (55% and 12%) of the total trade receivable balance.  No other customers represented greater than 10% of net revenues for the three and six month period ended June 30, 2012 or total trade accounts receivable at December 31, 2012.