NOTE L – BUSINESS CONCENTRATION

For the six months ended June 30, 2019, three customers represented 15%, 12% and 11% of total net revenues. For the six months ended June 30, 2018, one customer represented approximately 11% of total net revenues. As of June 30, 2019, three customers represented 17%, 15% and 13% of the Company’s net accounts receivable. As of December 31, 2018, two customers represented 29% and 11% of the Company’s net accounts receivable.

Purchases from one supplier approximated $1,855,000, or 83%, of purchases for the six months ended June 30, 2019 and $1,975,000, or 88%, of purchases for the six months ended June 30, 2018. Totals due to this supplier, net of deposits, were approximately $440,000 as of June 30, 2019. Deposits paid exceeded totals due to this supplier by $320,352 as of December 31, 2018.