Accounts Receivable

12 Months Ended

Dec. 31, 2013

Accounts Receivable / Restricted Net Assets [Abstract]

ACCOUNTS RECEIVABLE

NOTE 2 – ACCOUNTS RECEIVABLE

At December 31, 2013 and 2012, accounts receivable consisted of the following:

	December 31, 2013			December 31, 2012
Accounts receivable	$	16,065,074		$	12,670,680
Less: allowance for doubtful accounts		(830,211	)		(2,592,057	)
	$	15,234,863		$	10,078,623

The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. After evaluating the collectability of individual receivable balances, the Company decreased the allowance for doubtful accounts in the amount of $1,825,180 and $46,672 for the year ended December 31, 2013 and 2012, respectively. During the year ended December 31, 2013, accounts with the amount of approximately $1,200,000 were written off after exhaustive efforts at collection with a corresponding debit to the allowance for doubtful account. The writes-offs of accounts receivable against the allowance for doubtful accounts only impact the balance sheet accounts. During the year ended December 31, 2013, the Company has recovered and collected approximately $857,000 accounts receivable for which the Company has previously reserved for at December 31, 2012.