3. Accounts Receivable, Net

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Accounts Receivable, Net

3. ACCOUNTS RECEIVABLE, NET

The following table sets forth the components of the Company’s accounts receivable at September 30, 2019, and December 31, 2018:

	September 30, 2019		December 31, 2018
Billed accounts receivable	$	732,589	$	419,802
Unbilled accounts receivable		333,528		703,691
Total accounts receivable	$	1,066,117	$	1,123,493

As of September 30, 2019, and December 31, 2018, the Company evaluated its outstanding trade receivables and determined that its allowance for bad debts was sufficiently reserved. No bad debt expense was recorded during the nine-month period ended September 30, 2019 and the year ended December 31, 2018.

During the nine-month period ended September 30, 2019, the Company had five customers that accounted for 61.2% of revenues and two customers that accounted for 40.1% of accounts receivable.

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.