Annual report pursuant to Section 13 and 15(d)

O. BUSINESS CONCENTRATION

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O. BUSINESS CONCENTRATION
12 Months Ended
Dec. 31, 2014
O. Business Concentration  
NOTE O - BUSINESS CONCENTRATION

For the years ended December 31, 2014 and 2013, no single customer represented 10% or more of our total net revenues.

 

As of December 31, 2014, one customer accounted for 13% of the Company’s net accounts receivable. As of December 31, 2013, one customer accounted for 28% of the Company’s net accounts receivable.

 

Purchases from two suppliers approximated $3,700,000, or 76%, of total purchases for the year ended December 31, 2014 and approximately $2,700,000, or 68%, of total purchases for the year ended December 31, 2013. Total due to these suppliers, net of deposits, was $750,084 and $525,464 as of December 31, 2014 and 2013, respectively.