Accounts Receivable

3 Months Ended

Mar. 31, 2016

NOTE D – ACCOUNTS RECEIVABLE

Our current and non-current accounts receivable consist of the following:


	March 31, 2016			December 31, 2015
Trade	$	2,737,014		$	2,371,304
Related party		352,702			629,400
Other		52,691			116,668
Reserve allowance		(2,315,797	)		(2,315,797	)

Total accounts receivable, net	$	826,610		$	801,575

The trade receivable balance at March 31, 2016 and December 31, 2015 consists primarily of a trade receivable from Neptune Minerals, Inc. for which a reserve allowance for the full amount of $2,315,797 has been made for both reported period ends. In December 2015, as part of the acquisition agreement with Monaco Financial, LLC, a related party, we sold 50% of the Neptune Minerals, Inc. receivable. The remaining receivable balance from Neptune Minerals, Inc. on our balance sheet is owned by us. It is this same related party that owes us $352,702 and $629,400 for the periods ended March 31, 2016 and December 31, 2015, respectively, for coin and inventory sales that were not part of the December 10, 2015 acquisition agreement. See NOTE S in our Form 10-K file with the Securities and Exchange Commission for the year ended December 31, 2015 for further information.