Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable (Tables)

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Accounts Receivable (Tables)
9 Months Ended
Sep. 30, 2015
Receivables [Abstract]  
Schedule of Accounts Receivable by Major Categories

Accounts receivable consisted of the following as of:

 

    September 30, 2015     December 31, 2014  
Accounts Receivable – EXIM insured   $ 82,147     $ 1,013,938  
Accounts Receivable – not insured     249,419       31,986  
      331,566       1,045,924  
Allowances for doubtful accounts and sales returns and allowances     (26,000 )     (28,402 )
    $ 305,566     $ 1,017,522