Quarterly report pursuant to Section 13 or 15(d)

Major Customers

v3.5.0.2
Major Customers
6 Months Ended
Jun. 30, 2016
Major Customers [Abstract]  
Major Customers

Note 14 – Major Customers

 

For the three months ended June 30, 2016, two customers each generated more than 10% of the Company’s product revenue. In aggregate, sales to these customers accounted for 79% of the Company’s product revenue. As of June 30, 2016, the amount due from these two customers was $96,390.

 

For the six months ended June 30, 2016, 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 June 30, 2016, the amount due from these three customers was $488,456. This concentration makes the Company vulnerable to a near-term severe impact should the relationships be terminated.

 

For the three months ended June 30, 2015, three customers each generated more than 10% of the Company’s product revenue. In aggregate, sales to these customers accounted for 86% of the Company’s product revenue.

 

For the six months ended June 30, 2015, three customers each generated more than 10% of the Company’s product revenue. In aggregate, sales to these customers accounted for 79% of the Company’s product revenue. As of June 30, 2015, the amount due from these three customers was $839,674.