ACCOUNTS RECEIVABLE AND CUSTOMER DEPOSITS

6 Months Ended

Jun. 30, 2020

ACCOUNTS RECEIVABLE AND CUSTOMER DEPOSITS

ACCOUNTS RECEIVABLE AND CUSTOMER DEPOSITS

NOTE 4. ACCOUNTS RECEIVABLE AND CUSTOMER DEPOSITS

Our accounts receivable consisted of the following:

	June 30,		December 31,
	2020		2019
Accounts receivable	$	464,511	$	196,204
Less:  Allowance for doubtful accounts		(115,000)		(111,000)
Total	$	349,511	$	85,204

We record bad debt expense when we conclude the credit risk of a customer indicates the amount due under the contract is not collectible. We recorded bad debt expense of $2,000 and $71,262, respectively, during the three months ended June 30, 2020 and 2019 and $53,571 and $103,182, respectively, during the six months ended June 30, 2020 and 2019.

Our deferred revenue and customer deposit liability had the following activity:

	Amount
January 1, 2020	$	562,803
Additional deposits received		2,442,129
Less:  Deposits recognized as revenue		(2,584,551)
Less:  Refunds to customers		(80,600)
June 30, 2020	$	339,781