Quarterly report pursuant to Section 13 or 15(d)

L. BUSINESS CONCENTRATION

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L. BUSINESS CONCENTRATION
3 Months Ended
Mar. 31, 2018
Risks and Uncertainties [Abstract]  
BUSINESS CONCENTRATION

For the three months ended March 31, 2018, one customer represented approximately 14% of total net revenues. For the three months ended March 31, 2017, one customer represented approximately 11% of total net revenues. As of March 31, 2018, three customers accounted for approximately 38% of the Company’s net accounts receivable. As of December 31, 2017, three customers accounted for approximately 54% of the Company’s net accounts receivable.

 

Purchases from one supplier approximated $760,000, or 82%, of purchases for the three months ended March 31, 2018 and $595,000, or 68%, of purchases for the three months ended March 31, 2017. Total due to this supplier, net of deposits, was approximately $23,142 as of March 31, 2018, and $32,697 as of December 31, 2017.