M. BUSINESS CONCENTRATION
|9 Months Ended|
Sep. 30, 2015
|M. Business Concentration|
|NOTE M - BUSINESS CONCENTRATION||
For the nine months ended September 30, 2015 and 2014, no single customer represented 10% or more of total net revenues. As of September 30, 2015, two customers accounted for 12% and 10% of the Companys net accounts receivable. As of December 31, 2014, one customer accounted for approximately 13% of the Companys net accounts receivable.
Purchases from two major suppliers approximated $2,552,000, or 79%, of purchases, and $2,764,000, or 75%, of purchases, for the nine months ended September 30, 2015 and 2014, respectively. Total due to these suppliers, net of deposits, was approximately $678,000 as of September 30, 2015, and $750,000 as of December 31, 2014.
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
Reference 1: http://www.xbrl.org/2003/role/presentationRef