TAX REFUND RECEIVABLE
|9 Months Ended|
Sep. 30, 2011
|Tax Refund Receivable [Abstract]|
|Tax Refund Receivable [Text Block]|
NOTE 4 – TAX REFUND RECEIVABLE
Tax refund receivable represents the 19% value added tax receivable from the government of the Czech Republic. No allowance for doubtful accounts has been provided as we believe the amounts are fully collectible.
The entire disclosure for value added taxes receivable. Which is due either from customers arising from sales on credit terms, or as previously overpaid to tax authorities.