NOTE N – BUSINESS CONCENTRATION

For the years ended December 31, 2018 and 2017, no single customer represented 10% or more of the Company’s total net revenues.

As of December 31, 2018, three customers accounted for 47% of the Company’s net accounts receivable. As of December 31, 2017, three customers accounted for 54% of the Company’s net accounts receivable.

Purchases from one supplier approximated $3,622,000, or 81%, of total purchases for the year ended December 31, 2018 and approximately $2,796,000, or 79%, of total purchases for the year ended December 31, 2017. Deposits paid to this vendor were in excess of total accounts payable due to this supplier in the amount of $320,352 as of December 31, 2018 and total due to this supplier, net of deposits, was $202,258 as of December 31, 2017.