Quarterly report pursuant to Section 13 or 15(d)

L. BUSINESS CONCENTRATION

v3.4.0.3
L. BUSINESS CONCENTRATION
3 Months Ended
Mar. 31, 2016
Risks and Uncertainties [Abstract]  
BUSINESS CONCENTRATION

For the three months ended March 31, 2016 one customer represented approximately 11% or more of total net revenues. For the three months ended March 31, 2015, no single customer represented 10% or more of total net revenues. As of March 31, 2016, one customer accounted for approximately 13% of the Company’s net accounts receivable. As of December 31, 2015, no single customer accounted for 10% of the Company’s net accounts receivable.

 

Purchases from two major suppliers approximated $744,000, or 64%, of purchases, and $837,000, or 79%, of purchases, for the three months ended March 31, 2016 and 2015, respectively. Total due to these suppliers, net of deposits, was approximately $374,643 as of March 31, 2016, and $584,288 as of December 31, 2015.