Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Summary of significant accounting policies: Policy 5 - Accounts Receivable (Policies)

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Note 2 - Summary of significant accounting policies: Policy 5 - Accounts Receivable (Policies)
9 Months Ended
Sep. 30, 2017
Policies  
Policy 5 - Accounts Receivable

Accounts receivable

 

Customer accounts receivable are classified as current assets and are carried at original invoice amounts less an estimate for doubtful receivables based on a review of all outstanding amounts on a quarterly basis. The estimate of allowance for doubtful accounts is based on the Company's bad debt experience, market conditions, collateral available, 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 September 30, 2017 and December 31, 2016, the Company has recorded an allowance in the amount of $50,276 and $33,837, respectively.