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 Companys 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.
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
Reference 1: http://www.xbrl.org/2003/role/presentationRef