Annual report pursuant to Section 13 and 15(d)

Note 2 - Summary of significant accounting policies: Accounts Receivable (Policies)

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Note 2 - Summary of significant accounting policies: Accounts Receivable (Policies)
12 Months Ended
Dec. 31, 2018
Policies  
Accounts Receivable

Accounts receivable

 

Accounts receivable consist of trade accounts arising in the normal course of business and are classified as current assets and carried at original invoice amounts less an estimate for doubtful receivables based on a review of outstanding balances on a quarterly basis. The estimate of allowance for doubtful accounts is based on the Company's bad debt experience, market conditions, and aging of accounts receivable, among other factors. If the financial condition of the Company's customers deteriorates resulting in the customer's inability to pay the Company's receivables as they come due, additional allowances for doubtful accounts will be required. At December 31, 2018 and 2017, the Company has recorded an allowance in the amount of $18,907 and $73,105, respectively.