Quarterly report pursuant to Section 13 or 15(d)

Major Customers

v2.4.1.9
Major Customers
3 Months Ended
Mar. 31, 2015
Major Customers [Abstract]  
Major Customers

Note 16 – Major Customers

 

For the three months ended March 31, 2015, two customers each generated more than 10% of the Company’s product revenue. In aggregate, sales to these customers accounted for 66% of the Company’s product revenue. As of March 31, 2015, the amount due from these two customers was $81,111. This concentration makes the Company vulnerable to a near-term severe impact should the relationships be terminated.

 

For the three months ended March 31, 2014, two customers each generated more than 10% of the Company’s product revenue. Sales to these customers accounted for 86% of the Company’s product revenue. As of March 31, 2014, the amount due from these customers was $1,546,548.