Annual report pursuant to Section 13 and 15(d)

5. Accounts Receivable

5. Accounts Receivable

12 Months Ended

Dec. 31, 2015

Accounts receivable at December 31, 2015 and 2014 consisted of the following:

	December 31, 2015			December 31 2014
Accounts receivable - laboratory services	$	105,332,339		$	74,551,707
Accounts receivable - all others		569,351			405,706
Total accounts receivable		105,901,690			74,957,413
Less:
Allowance for discounts		(97,577,130	)		(55,913,780	)
Allowance for bad debts		(175,076	)		(1,579,686	)
Accounts receivable, net	$	8,149,484		$	17,463,947

For the years ended December 31, 2015 and 2014, bad debt expense totalled $19,593,784 and $19,374,626. Of which amounts $19,494,030 and $19,296,144 were classified as contra-revenue, respectively.