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3. Accounts Receivable, net
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Accounts Receivable, net

3. ACCOUNTS RECEIVABLE, NET

 

The following table sets forth the components of the Company’s accounts receivable at December 31, 2018 and December 31, 2017:

 

  

December 31,

2018

  

December 31,

2017

 
         
Accounts receivable  $1,123,493   $445,338 
Total accounts receivable, net  $1,123,493   $445,338 

 

As of December 31, 2018, and December 31, 2017, the Company evaluated its outstanding trade receivables and determined that no allowance for bad debts was required so as a result no bad debt expense was recorded during the years ended December 31, 2018 and December 31, 2017.

 

During the year ended December 31, 2018, the Company had three customers that accounted for 50.1% of revenues and one customer that accounted for 9.2% of accounts receivable.

 

During the year ended December 31, 2017, the Company had four customers that accounted for approximately 71.6% of consolidated revenues and three customers that accounted for 77.3% of consolidated accounts receivable.