N. BUSINESS CONCENTRATION
|12 Months Ended|
Dec. 31, 2017
|Risks and Uncertainties [Abstract]|
NOTE N – BUSINESS CONCENTRATION
For the years ended December 31, 2017 and 2016, no single customer represented 10% or more of the Company’s total net revenues.
As of December 31, 2017, three customers accounted for 54% of the Company’s net accounts receivable. As of December 31, 2016, two customers accounted for 24% of the Company’s net accounts receivable.
Purchases from one supplier approximated $2,796,000, or 79%, of total purchases for the year ended December 31, 2017 and approximately $2,235,000, or 62%, of total purchases for the year ended December 31, 2016. Total due to this supplier, net of deposits, was $202,258 and $45,037 as of December 31, 2017 and 2016, respectively.
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.
Reference 1: http://www.xbrl.org/2003/role/presentationRef