XML 73 R15.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
ACCOUNTS RECEIVABLE
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
ACCOUNTS RECEIVABLE
ACCOUNTS RECEIVABLE
Accounts receivable, net, consists of the following at December 31:
 
2019
 
2018
Accounts receivable trade
$
12,540,553

 
$
9,859,758

Allowance for doubtful accounts
(402,475
)
 
(831,768
)
Accounts receivable trade, net
$
12,138,078

 
$
9,027,990


Accounts receivable represents amounts due from customers. Accounts receivable are recorded at invoiced amounts, net of reserves and allowances, and do not bear interest. The Company uses its best estimate to determine the required allowance for doubtful accounts based on a variety of factors, including the length of time receivables are past due, economic trends and conditions affecting its customer base, significant one-time events and historical write-off experience. Specific provisions are recorded for individual receivables when we become aware of a customer’s inability to meet its financial obligations. The Company reviews the adequacy of its reserves and allowances quarterly.