Quarterly report pursuant to Section 13 or 15(d)

Major Customers

v3.4.0.3
Major Customers
3 Months Ended
Mar. 31, 2016
Major Customers [Abstract]  
Major Customers

Note 14 – Major Customers

 

For the three months ended March 31, 2016, two customers each generated more than 10% of the Company’s product revenue. In aggregate, sales to these customers accounted for 74% of the Company’s product revenue. As of March 31, 2016, the amount due from these two customers was $500,742. This concentration makes the Company vulnerable to a near-term severe impact should the relationships be terminated.

 

For the three months ended March 31, 2015, two customers each generated more than 10% of the Company’s product revenue. Sales to these customers accounted for 66% of the Company’s product revenue.