Prepaid Expenses
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2011
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Prepaid Expense And Other Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepaid Expenses [Text Block] | NOTE 5. PREPAID EXPENSES AND OTHER ASSETS, NET
The composition of prepaid expenses and other assets, net follows:
Receivables are carried at their estimated collectible amounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the counterparty to make required payments. Management considers the following factors when determining the collectability of specific accounts: past transaction activity, current economic conditions and changes in payment terms. Amounts that the Company determines are no longer collectible are written off. Collections on amounts previously written off are included in income as received. |