Annual report pursuant to Section 13 and 15(d)

Major Suppliers

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

Note 19 - Major Suppliers

 

For the year ended December 31, 2015, three suppliers accounted for more than 10% of the Company’s purchases. These suppliers accounted for 41% of the Company’s total purchases. As of December 31, 2015, the amount due to these suppliers was $16,317. This makes the Company vulnerable to a near-term severe impact should the relationships be terminated.

 

For the year ended December 31, 2014, one supplier accounted for more than 10% of the Company’s purchases. This supplier accounted for 17% of the Company’s total purchases. As of December 31, 2014, the amount due to the supplier was $11,880. This makes the Company vulnerable to a near-term severe impact should the relationships be terminated.