NOTE L - BUSINESS CONCENTRATION |
9 Months Ended |
|---|---|
Sep. 30, 2011 | |
| Segment Reporting Disclosure [Text Block] |
NOTE L–
BUSINESS CONCENTRATION
For
the 3 months ended September 30, 2011, the Company did not
have a customer with revenue greater to 10% of total
revenues. Revenue
from two (2) major customers approximated $915,190 and
$885,101 or 10% of total revenues for the 3 month period
ended September 30, 2010. Total accounts receivable of
$28,779 and $381,384, or 2% and 31% of total accounts
receivable, was due from these customers as of
September 30, 2010.
Purchases
from two (2) major suppliers approximated $1,733,279, or 30%,
of purchases, and one (1) major supplier approximated
$1,007,139, or 11%, of purchases, for the nine months ended
September 30, 2011 and 2010, respectively. Total accounts
payable and accrued expenses of approximately $99,084, or 3%,
of total accounts payable and accrued expenses, was due
to these suppliers as of September 30, 2011, and
$30,684, or 1%, of total accounts payable, was due
to this supplier as of September 30, 2010.
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