2 - ACCOUNTS RECEIVABLE
Company grants customers standard credit terms as governed by the terms specified in the contracts. Our major customers receive
payment credit terms that range between 60 and 65 days.
Company evaluates the need of an allowance for doubtful accounts based on specifically identified amounts that management believes
to be uncollectible. If actual collections experience changes, revisions to the allowance may be required. Based on management
review of outstanding balances, no allowance for doubtful accounts was recorded as of March 31, 2012 and 2011.
debt expense was $0 and $2,026 for the three months ended March 31, 2012 and 2011.