Annual report pursuant to Section 13 and 15(d)

Note 7 - Accounts and Other Receivables and Concentrations of Credit Risk

v3.8.0.1
Note 7 - Accounts and Other Receivables and Concentrations of Credit Risk
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
7
.
Accounts and Other Receivables and Concentrations of Credit Risk
 
Accounts
and other receivables at
December 31, 2017
and
2016
consist of the following:
 
   
2017
    
2016
  
Guaranteed earnout receivable, current
   $
8,084,392
     $
—
  
Trade
    
—
      
18,420
  
Other
    
53,480
      
184,596
  
Total accounts and other receivables   $
8,137,872
     $
203,016
  
 
At
December 31,
201
7
and
2016,
approximately
99%
and
0%,
respectively, of net accounts and other receivables were due from Cardinal Health
414.
As of
December 31, 2017
and
2016,
there was
no
allowance for doubtful accounts. We do
not
believe we are exposed to significant credit risk related to Cardinal Health
414
based on the overall financial strength and credit worthiness of the entity.  We believe that we have adequately addressed credit risks in estimating the allowance for doubtful accounts. See Note
1
(g).
 
Accounts and other receivables in the amount of
$1,598,994
as of
December 31, 2016
have been reclassified to current assets associated with discontinued operations. See Note
3.