Accounts Receivable

12 Months Ended

Dec. 31, 2014

Accounts Receivable [Abstract]

ACCOUNTS RECEIVABLE

NOTE 2 – ACCOUNTS RECEIVABLE

At December 31, 2014 and 2013, accounts receivable consisted of the following:

	December 31, 2014			December 31, 2013
Accounts receivable	$	21,637,365		$	16,065,074
Less: allowance for doubtful accounts		(1,321,328	)		(830,211	)
	$	20,316,037		$	15,234,863

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 increased the allowance for doubtful accounts in the amount of $521,928 for the year ended December 31, 2014 and decreased the allowance for doubtful accounts in the amount of $628,188 for the year ended December 31, 2013.

During the years ended December 31, 2014 and 2013, accounts with the amount of approximately $27,000 and $1,200,000, respectively, 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 years ended December 31, 2014 and 2013, the Company has recovered and collected approximately $354,000 and $857,000, respectively, accounts receivable for which the Company has previously reserved for at December 31, 2013 and 2012, respectively.