Accounts Receivable (Policies)
|
6 Months Ended |
---|---|
Jun. 30, 2012
|
|
Policies | |
Accounts Receivable |
Accounts Receivable
Accounts receivable are recorded at original invoice amount less an allowance for uncollectible accounts that management believes will be adequate to absorb estimated losses on existing balances. Management estimates the allowance based on collectability of accounts receivable and prior bad debt experience. Accounts receivable balances are written off upon management's determination that such accounts are uncollectible. Recoveries of accounts receivable previously written off are recorded when received. Management believes that credit risks on accounts receivable will not be material to the financial position of the Company or results of operations at June 30, 2012 and December 31, 2011, the allowance for doubtful accounts was $910,378 and $486,285, respectively. |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Disclosure of accounting policy for determining the gross carrying amount of premiums due from policyholders, insureds, and other insurance entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|