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ACCOUNTS RECEIVABLE
 12 Months Ended
Dec. 31, 2011
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4. ACCOUNTS RECEIVABLE

 

Accounts receivable, net represents amounts due from the Company’s customers and is presented net of allowance for doubtful accounts. These balances include revenue recognized in advance of customer billings but do not include unbilled contractual commitments executed under license agreements. The components of Accounts receivable were as follows:

 

    2011     2010  
Accounts receivable - billed   $ 2,615,923     $ 2,765,517  
Accounts receivable - unbilled     447,749       141,928  
Less: Allowance for doubtful accounts     (4,884 )     (1,651 )
Accounts receivable, net   $ 3,058,788     $ 2,905,794