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ACCOUNTS RECEIVABLE
3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 4. ACCOUNTS RECEIVABLE

 

Accounts receivable (net) consists primarily of amounts due from merchant service providers and the sponsoring bank of our own dedicated BIN. Total net accounts receivable amounted to $5,133,698 and $5,472,856 at March 31, 2018 and December 31, 2017, respectively. Net accounts receivable consisted primarily of $114,756 and $57,754, attributed to international operations and $5,018,941 and $5,415,102 of North American credit card processing receivables at March 31, 2018 and December 31, 2017, respectively.

 

Total allowance for doubtful accounts was $258,313 and $256,967 at March 31, 2018 and December 31, 2017, respectively.