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Note 20 - Major Suppliers
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For the year ended December 31, 2016, one supplier accounted for 10% or more of the Company’s purchases. This supplier accounted for 27% of the Company’s total purchases. As of December 31, 2016, the amount due to this supplier was $164,049. This makes the Company vulnerable to a near-term severe impact should the relationships be terminated. |
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For the year ended December 31, 2015, three suppliers accounted for 10% or more of the Company’s purchases. This supplier accounted for 41% of the Company’s total purchases. As of December 31, 2015, the amount due to these suppliers was $16,317. |
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