Quarterly report pursuant to Section 13 or 15(d)

Major Customers

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Major Customers
9 Months Ended
Sep. 30, 2015
Major Customers [Abstract]  
Major Customers

Note 16 - Major Customers

 

For the three months ended September 30, 2015, two customers each generated more than 10% of the Company’s product revenue. In aggregate, sales to these customers accounted for 54% of the Company’s product revenue.

 

For the nine months ended September 30, 2015, two customers each generated more than 10% of the Company’s product revenue. In aggregate, sales to these customers accounted for 65% of the Company’s product revenue. As of September 30, 2015, the amount due from these two customers was $397,589. This concentration makes the Company vulnerable to a near-term severe impact should the relationships be terminated.

 

For the three months ended September 30, 2014, two customers each generated more than 10% of the Company’s product revenue. Sales to these customers accounted for 70% of the Company’s product revenue.

 

For the nine months ended September 30, 2014, three customers each generated more than 10% of the Company’s product revenue. In aggregate, sales to these customers accounted for 82% of the Company’s product revenue. As of September 30, 2014, the amount due from these customers was $2,461,017.