|
The allowance will be evaluated
and adjusted accordingly on a quarterly basis
| September 30, 2016 |
|
Amount to apply reserve against |
|
Reserve % |
|
Reserve |
|
Recognized in 2016 |
|
Reserve 9/30/2016 |
| Pending return |
$ |
N/A |
|
N/A |
$ |
140,962 |
|
- |
|
140,962 |
| Customer type 1 |
|
395,353 |
|
20% |
|
79,071 |
|
(52,714) |
|
26,357 |
| Customer type 2 |
|
163,434 |
|
20% |
|
32,687 |
|
(21,791) |
|
10,896 |
| Customer type 3 |
|
343,620 |
|
35% |
|
120,267 |
|
(80,178) |
|
40,089 |
| Customer type 4 |
|
150,262 |
|
10% |
|
15,026 |
|
(10,017) |
|
5,009 |
| |
$ |
1,052,669 |
|
|
$ |
388,013 |
|
(164,700) |
|
223,313 |
|