Schedule II-Schedule of Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2019

Schedule II - Schedule of Valuation and Qualifying Accounts

Schedule II - Schedule of Valuation and Qualifying Accounts

Item 15. Exhibits, Financial Statement Schedules.

(a) (1) All financial statements: See Retractable Technologies, Inc. Index to Financial Statements on Page F-2.

(2) Those financial statement schedules required to be filed by Item 8 of this form, and by paragraph (b) below. Schedule II-Schedule of Valuation and Qualifying Accounts for the years ended December 31, 2019, 2018, and 2017:


	Balance at
	beginning								Balance at
	of period		Additions			Deductions			end of period
Provision for Inventories
Fiscal year ended 2017	$	595,523	$	—		$	584		$	594,939
Fiscal year ended 2018	$	594,939	$	—		$	297,731		$	297,208
Fiscal year ended 2019	$	297,208		—			—			297,208

Provision for Accounts Receivable
Fiscal year ended 2017	$	1,731,985	$	24,272		$	1,654,385		$	101,872
Fiscal year ended 2018	$	101,872	$	47,793		$	—		$	149,665
Fiscal year ended 2019	$	149,665		—			3,283			146,382

Deferred Tax Valuation
Fiscal year ended 2017	$	9,197,333	$	—		$	3,371,379		$	5,825,954
Fiscal year ended 2018	$	5,825,954	$	325,444		$	—		$	6,151,398
Fiscal year ended 2019	$	6,151,398	$	—		$	1,121,560		$	5,029,838

Provision for Rebates					(A)			(B)			(C)
Fiscal year ended 2017	$	38,983,285	$	21,738,072		$	55,927,164		$	4,794,193
Fiscal year ended 2018	$	4,794,193	$	24,372,111		$	24,579,457		$	4,586,847
Fiscal year ended 2019	$	4,586,847	$	24,212,830		$	24,526,108		$	4,273,569

(A)

Represents estimated rebates deducted from gross revenues

(B)

Represents rebates credited to the distributor and charge offs against the allowance

(C)

Includes $3,586,726; $3,896,341; and $4,115,628 in Accounts payable for 2019, 2018, and 2017, respectively.