XML 30 R7.htm IDEA: XBRL DOCUMENT

Accounts Receivable

6 Months Ended

Jun. 30, 2011

Trade and Other Accounts Receivable, Policy [Policy Text Block]

NOTE 2 – ACCOUNTS RECEIVABLE

At June 30, 2011 and December 31, 2010, accounts receivable consisted of the following:

	June 30, 2011			December 31, 2010
Accounts receivable	$	8,794,342		$	10,023,305
Less: allowance for doubtful accounts		(2,025,830	)		(1,815,508	)
	$	6,768,512		$	8,207,797

- Definition

Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables. If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs.

+ References+ Details