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Accounts Receivable, Net
12 Months Ended
Dec. 31, 2019
Accounts Receivable Net [Abstract]  
Accounts Receivable, Net

NOTE 5 - ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following:

 

 

December 31,
2019

 

December 31,
2018

 

Accounts receivable

$12,786 

$15,931 

Less: Provision for doubtful accounts

(1,495)

(1,495)

 

 

 

Accounts receivable, net

$11,291 

$14,436 

Charges to provisions for doubtful accounts are summarized as follows:

 

Allowance for doubtful receivables

Balance at
beginning of period

 

Charges to costs
and expenses

 

Amount utilized

 

Balance at
end of period

 

Year ended December 31, 2019

$(1,495)

$—   

$—   

$(1,495)

Year ended December 31, 2018

$(1,495)

$—   

$—   

$(1,495)

Year ended December 31, 2017

$—   

$(1,495)

$—   

$(1,495)

Concentration of credit risk with respect to accounts receivable is limited due to the Company’s large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company’s trade receivables. For the year ended December 31, 2019, three customers accounted for 25.9%, 12.3% and 10.9%, respectively, of our total revenues. For the year ended December 31, 2018, one customer accounted for 24.5% of the Company’s revenue and for the year ended December 31, 2017, two customers accounted for 26.8% and 12.0%, respectively, of the Company’s revenue.