Quarterly report pursuant to Section 13 or 15(d)

M. BUSINESS CONCENTRATION

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M. BUSINESS CONCENTRATION
9 Months Ended
Sep. 30, 2015
M. Business Concentration  
NOTE M - BUSINESS CONCENTRATION

For the nine months ended September 30, 2015 and 2014, no single customer represented 10% or more of total net revenues. As of September 30, 2015, two customers accounted for 12% and 10% of the Company’s net accounts receivable. As of December 31, 2014, one customer accounted for approximately 13% of the Company’s net accounts receivable.

 

Purchases from two major suppliers approximated $2,552,000, or 79%, of purchases, and $2,764,000, or 75%, of purchases, for the nine months ended September 30, 2015 and 2014, respectively. Total due to these suppliers, net of deposits, was approximately $678,000 as of September 30, 2015, and $750,000 as of December 31, 2014.