Annual report pursuant to Section 13 and 15(d)

Major Customers

v3.3.1.900
Major Customers
12 Months Ended
Dec. 31, 2015
Major Customers [Abstract]  
Major Customers

Note 18 - Major Customers

 

For the year ended December 31, 2015, two customers generated more than 10% of the Company’s revenue. Sales to these customers accounted for 65% of the Company’s revenue. As of December 31, 2015, the amount due from these customers was $435,261. This concentration makes the Company vulnerable to a near-term severe impact should the relationships be terminated.

 

For the year ended December 31, 2014, four customers generated more than 10% of the Company’s revenue. Sales to these customers accounted for 85% of the Company’s revenue. As of December 31, 2014, the amount due from these customers was $3,406,026 of which $1,475,766 is a note receivable (Note 6). This concentration makes the Company vulnerable to a near-term severe impact should the relationships be terminated.