Annual report pursuant to Section 13 and 15(d)

Accounts and Other Receivables and Concentrations of Credit Risk

v3.3.1.900
Accounts and Other Receivables and Concentrations of Credit Risk
12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Accounts and Other Receivables and Concentrations of Credit Risk

6.

Accounts and Other Receivables and Concentrations of Credit Risk

Accounts and other receivables at December 31, 2015 and 2014 consist of the following:

 

 

2015

 

 

2014

 

Trade

 

$

2,498,087

 

 

$

816,544

 

Other

 

 

1,205,099

 

 

$

77,946

 

 

 

$

3,703,186

 

 

$

894,490

 

At December 31, 2015 and 2014, approximately 67% and 91%, respectively, of net accounts and other receivables were due from Cardinal Health.  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, 2015 and 2014, there was no allowance for doubtful accounts.  We do not believe we are exposed to significant credit risk related to Cardinal Health 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.