ACCOUNTS RECEIVABLE - Note 5

12 Months Ended

Dec. 31, 2013

Notes to Financial Statements

ACCOUNTS RECEIVABLE - Note 5

NOTE 5 - ACCOUNTS RECEIVABLE

As of December 31, 2013 and 2012, the Company's accounts receivable consisted of the following:

		December 31,		December 31,
		2013		2012
				(Restated)
Accounts receivable	$	757,956	$	735,304
less: Allowance for doubtful accounts		(757,956)		(735,304)
Accountants receivable, net	$	-	$	-

The Company has provided 100% allowance for outstanding accounts receivable based on the Company decision to cease operations in those subsidiaries in which those balances arose in the normal course of business. Once operations have ceased it is unlikely those balances will be recovered.