Annual report pursuant to Section 13 and 15(d)

N. BUSINESS CONCENTRATION

v3.3.1.900
N. BUSINESS CONCENTRATION
12 Months Ended
Dec. 31, 2015
Risks and Uncertainties [Abstract]  
BUSINESS CONCENTRATION

For the years ended December 31, 2015 and 2014, no single customer represented 10% or more of the Company’s total net revenues.

 

As of December 31, 2015, no single customer accounted for 10% of the Company’s net accounts receivable. As of December 31, 2014, one customer accounted for 13% of the Company’s net accounts receivable.

 

Purchases from two suppliers approximated $3,800,000, or 80%, of total purchases for the year ended December 31, 2015 and approximately $3,700,000, or 76%, of total purchases for the year ended December 31, 2014. Total due to these suppliers, net of deposits, was $584,288 and $750,084 as of December 31, 2015 and 2014, respectively.