Quarterly report pursuant to Section 13 or 15(d)

Major Customers

v2.4.0.8
Major Customers
6 Months Ended
Jun. 30, 2014
Major Customers [Abstract]  
Major Customers
Note 15 – Major Customers
 
For the three ended June 30, 2014, two customers and for six months ended June 30, 2014, three customers each generated more than 10% of the Company’s revenue. In aggregate, sales to these customers accounted for 88% and 87% of the Company’s revenue. As of June 30, 2014, the amount due from these three customers was $2,447,370. This concentration makes the Company vulnerable to a near-term severe impact should the relationships be terminated.
 
For the three and six months ended June 30, 2013, two customers each generated more than 10% of the Company’s revenue. Sales to these customers accounted for 83% and 85% of the Company’s revenue. As of June 30, 2013, the amount due from these customers was $2,260,177.