Annual report pursuant to Section 13 and 15(d)

Note 8 - Accounts and Other Receivables and Concentrations of Credit Risk

v3.20.1
Note 8 - Accounts and Other Receivables and Concentrations of Credit Risk
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
8
.
Accounts and Other Receivables and Concentrations of Credit Risk
 
Accounts and other receivables at
December 31, 2019
and
2018
consist of the following:
 
   
201
9
    
201
8
  
Stock subscriptions
   $
811,946
     $
—
  
Grant revenue
    
84,366
      
3,905
  
Trade
    
—
      
12,378
  
Other
    
5,027
      
4,868
  
Total accounts and other receivables
   $
901,339
     $
21,151
  
 
At
December 31, 2019,
approximately
90%
of net accounts and other receivables were due from an investor. At
December 31, 2018,
approximately
47%
of net accounts and other receivables were due from Meilleur. As of
December 31, 2019
and
2018,
there was
no
allowance for doubtful accounts. We do
not
believe we are exposed to significant credit risk related to the receivable due from the investor based on the timely payment history of the entity.  We believe that we have adequately addressed credit risks in estimating the allowance for doubtful accounts. See Note
1
(h).