Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable and Income Tax Refunds Receivable (Tables)

v3.20.2
Accounts Receivable and Income Tax Refunds Receivable (Tables)
9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Schedule of Accounts Receivable

Accounts receivable at September 30, 2020 (unaudited) and December 31, 2019 consisted of the following:

 

    September 30,     December 31,  
    2020     2019  
             
Accounts receivable   $ 21,920,386     $ 26,687,028  
Less:                
Allowance for discounts     (14,190,812 )     (16,801,910 )
Allowance for bad debts     (4,331,671 )     (5,245,817 )
Accounts receivable owed under sales agreements     (966,188 )     (1,073,854 )
Accounts receivable, net   $ 2,431,715     $ 3,565,447