Quarterly report pursuant to Section 13 or 15(d)

L. BUSINESS CONCENTRATION

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L. BUSINESS CONCENTRATION
9 Months Ended
Sep. 30, 2016
Risks and Uncertainties [Abstract]  
BUSINESS CONCENTRATION

For the nine months ended September 30, 2016 and 2015, no single customer represented 10% or more of total net revenues. As of September 30, 2016 and December 31, 2015, no single customer accounted for 10% of the Company’s net accounts receivable.

 

Purchases from two major suppliers approximated $3,331,000, or 85%, of purchases, and $2,552,000, or 79%, of purchases, for the nine months ended September 30, 2016 and 2015, respectively. Total due to these suppliers, net of deposits, was $550,695 as of September 30, 2016, and $584,288 as of December 31, 2015.