Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

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Accounts Receivable
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Accounts Receivable

Note 2 – Accounts Receivable

 

Accounts receivable at September 30, 2017 (unaudited) and December 31, 2016 consisted of the following:

 

    September 30, 2017     December 31, 2016  
Accounts receivable - laboratory services   $ 4,118,407     $ 12,715,835  
Accounts receivable - hospital     2,982,771       -  
Accounts receivable - all others     528,196       499,508  
Total accounts receivable     7,629,374       13,215,343  
Less:                
Allowance for discounts     (3,583,014 )     (11,664,490 )
Allowance for discounts - hospital     (2,368,565 )     -  
Allowance for bad debts     (1,276,769 )     (350,954 )
Accounts receivable, net   $ 401,026     $ 1,199,899