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Chapter 11 Protection Filed by Significant Customer
3 Months Ended
Dec. 31, 2012
Chapter 11 Protection Filed By Significant Customer  
Chapter 11 Protection Filed by Significant Customer

Note 19 – Chapter 11 Protection Filed by Significant Customer

 

On August 2, 2012, the Company received notice that a significant customer filed for protection under Chapter 11 of the United States Bankruptcy Code. The customer received funding from their principal lender to continue to operate and pay bills going forward. As of December 31, 2012, the Company has reserved $220,000 of the $253,148 outstanding which is consistent with the Company’s accounting policies.