NOTE R - BUSINESS CONCENTRATION
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12 Months Ended |
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Dec. 31, 2011
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Concentration Risk Disclosure [Text Block] |
NOTE R –
BUSINESS CONCENTRATION
For
the years ended December 31, 2011 and 2010, no single
customer represented 10% or more of our total net
revenues.
Purchases
from two suppliers approximated $1,700,000, or 68%, of
total purchases for the year ended December 31, 2011 and
approximately $1,600,000, or 69%, of total purchases for the
year ended December 31, 2010. Total due to these suppliers,
net of deposits, was $0 as of December 31, 2011, and
$221,723, or 9% of total accounts payable, as of December 31,
2010.
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- Definition
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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