|
NOTE M - BUSINESS CONCENTRATION
|
9 Months Ended |
|---|---|
|
Sep. 30, 2011
|
|
| Concentration Risk Disclosure [Text Block] |
NOTE M
– BUSINESS CONCENTRATION
For
the nine months ended September 30, 2011, the Company did not
have a customer with revenue greater than 10% of total
revenues. Revenue from two (2) major customers approximated
$915,190 and $885,101 or 10% each of the total revenues for
the nine 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.
|