Quarterly report pursuant to Section 13 or 15(d)

M. BUSINESS CONCENTRATION

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M. BUSINESS CONCENTRATION
6 Months Ended
Jun. 30, 2015
M. Business Concentration  
NOTE M - BUSINESS CONCENTRATION

For the six months ended June 30, 2015 and 2014, no single customer represented 10% or more of total net revenues. As of June 30, 2015, one customer accounted for 17% of the Company’s net accounts receivable.

 

Purchases from two major suppliers approximated $1,713,000, or 85%, of purchases, and $1,767,000, or 75%, of purchases, for the six months ended June 30, 2015 and 2014, respectively. Total due to these suppliers, net of deposits, was approximately $748,000 as of June 30, 2015, and $750,000 as of December 31, 2014.