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NOTE M - BUSINESS CONCENTRATION
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6 Months Ended |
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Jun. 30, 2011
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| Concentration Risk Disclosure [Text Block] |
NOTE M
– BUSINESS CONCENTRATION
For
the period ended June 30, 2011, the Company did not have a
customer with revenue greater to 10% of total revenues.
Revenue from one (1) major customer approximated $658,109 or
11% of total revenues for the six months ended June 30,
2010. Total accounts receivable of $532,190 or 29% of
total accounts receivable, was due from this
customer as of June 30, 2010.
Purchases
from two (2) major suppliers approximated $1,254,804, or 35%,
of purchases, and two (2) major suppliers approximated
$1,028,314, or 33%, of purchases, for the six months ended
June 30, 2011 and 2010, respectively. Total accounts payable
of approximately $149,055, or 7%, of total accounts payable,
was due to these suppliers as of June 30, 2011, and
$543,572, or 15%, of total accounts payable, was due
to these suppliers as of June 30, 2010.
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