L. BUSINESS CONCENTRATION |
3 Months Ended |
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Mar. 31, 2016 | |
Risks and Uncertainties [Abstract] | |
BUSINESS CONCENTRATION |
For the three months ended March 31, 2016 one customer represented approximately 11% or more of total net revenues. For the three months ended March 31, 2015, no single customer represented 10% or more of total net revenues. As of March 31, 2016, one customer accounted for approximately 13% of the Companys net accounts receivable. As of December 31, 2015, no single customer accounted for 10% of the Companys net accounts receivable.
Purchases from two major suppliers approximated $744,000, or 64%, of purchases, and $837,000, or 79%, of purchases, for the three months ended March 31, 2016 and 2015, respectively. Total due to these suppliers, net of deposits, was approximately $374,643 as of March 31, 2016, and $584,288 as of December 31, 2015. |
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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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- References No definition available.
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