ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2013

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

3. ACCOUNTS RECEIVABLE

Accounts receivable represent amounts due from the Company’s customers and are 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, net are as follows:

	2013		2012
Accounts receivable - billed	$	975,996	$	774,726
Accounts receivable - unbilled		65,523		96,634
Less: Allowance for doubtful accounts		-		(1,613)
Accounts receivable, net	$	1,041,519	$	869,747

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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