General form of registration statement for all companies including face-amount certificate companies

3. Accounts Receivable

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3. Accounts Receivable
 12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
3. Accounts Receivable

Accounts receivable consisted of the following at December 31, 2012 and 2011:

 

    December 31, 2012     December 31, 2011  
             
Accounts receivable   $ 766,277     $ 894,829  
Less: Allowance for doubtful accounts     (204,580 )     (47,595 )
Accounts receivable, net   $ 561,697     $ 847,234  


Bad debt expense was $302,952 and $21,200 for the years ended December 31, 2012 and 2011, respectively.

 

See also Note 14 for concentrations of accounts receivable.