Other Assets
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2014
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Prepaid Expense And Other Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Assets text block | NOTE 5. OTHER ASSETS The composition of other assets at December 31, 2014 and 2013 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, if any. 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. As of December 31, 2014 and 2013, management determined that no allowance for doubtful accounts was necessary. Collections on amounts previously written off are included in income as received. |