L. BUSINESS CONCENTRATION |
6 Months Ended |
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Jun. 30, 2016 | |
| Risks and Uncertainties [Abstract] | |
| BUSINESS CONCENTRATION |
For the six months ended June 30, 2016 and 2015, no single customer represented 10% or more of total net revenues. As of June 30, 2016 and December 31, 2015, no single customer accounted for 10% of the Companys net accounts receivable.
Purchases from two major suppliers approximated $2,330,000, or 84%, of purchases, and $1,713,000, or 85%, of purchases, for the six months ended June 30, 2016 and 2015, respectively. Total due to these suppliers, net of deposits, was $924,866 as of June 30, 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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