Accounts receivable, net of reserve for doubtful receivables

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Accounts receivable, net of reserve for doubtful receivables

5. Accounts receivable, net of reserve for doubtful receivables

The following table provides details of the Company’s reserve for doubtful receivables:

	Year ended December 31, 2018			Nine months ended September 30, 2019
Opening balance as of January 1	$	23,660		$	23,960
Additions charged/reversal released to cost and expense		1,857			7,169
Deductions/effect of exchange rate fluctuations		(1,557	)		(1,199	)
Closing balance	$	23,960		$	29,930

Accounts receivable were $798,144 and $893,162, and reserves for doubtful receivables were $23,960 and $29,930, resulting in net accounts receivable balances of $774,184 and $863,232 as of December 31, 2018 and September 30, 2019, respectively. In addition, accounts receivable due after one year amounting to $4,099 and $6,247 as of December 31, 2018 and September 30, 2019, respectively, are included under “other assets” in the consolidated balance sheets.

Accounts receivable from related parties were $99 and $94 as of December 31, 2018 and September 30, 2019, respectively.  There are no doubtful receivables in amounts due from related parties.