Receivables

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 2 - Receivables

Accounts receivable at December 31, 2011 and 2010, consist of the following:

	2011			2010
Billed-federal government	$	2,961,279		$	651,508
Billed-commercial and other		70,100			142,458
Total billed		3,031,379			793,966
Unbilled		-			-
Less: allowance for doubtful accounts		(141,721	)		(22,152	)
Accounts receivable, net	$	2,889,658		$	771,814

Billed receivables from the federal government include amounts due from both prime contracts and subcontracts where the federal government is the end customer.  Unbilled receivables are for services provided through the balance sheet date that are expected to be billed and collected within one year.

At December 31, 2011, the Company’s accounts receivable included receivables from various departments within one US federal agency that collectively represented 75.2% of the Company’s outstanding accounts receivable.