Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Significant Accounting Policies: Accounts Receivable (Policies)

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Note 2 - Significant Accounting Policies: Accounts Receivable (Policies)
9 Months Ended
Sep. 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. The allowance for doubtful accounts was $910,378 and $486,285 as of September 30, 2012 and December 31, 2011, respectively.