Annual report pursuant to Section 13 and 15(d)

Accounts and Other Receivables and Concentrations of Credit Risk

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Accounts and Other Receivables and Concentrations of Credit Risk
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Accounts and Other Receivables and Concentrations of Credit Risk

Accounts and other receivables at December 31, 2016 and 2015 consist of the following:

 

 

    2016   2015
  Trade     $ 1,617,414     $ 2,498,087  
  Other       184,596       1,205,099  
        $ 1,802,010     $ 3,703,186  

 

At December 31, 2016 and 2015, approximately 89% and 67%, respectively, of net accounts and other receivables were due from Cardinal Health 414. In addition, at December 31, 2015, approximately 32% of net accounts and other receivables were due from Devicor related to royalty amounts earned based on 2015 GDS Business revenue. As of December 31, 2016 and 2015, there was no allowance for doubtful accounts. We do not believe we are exposed to significant credit risk related to Cardinal Health 414 or Devicor based on the overall financial strength and credit worthiness of the entities.  We believe that we have adequately addressed other credit risks in estimating the allowance for doubtful accounts.