MAJOR CUSTOMERS AND CREDIT CONCENTRATION

6 Months Ended

Jun. 30, 2012

MAJOR CUSTOMERS AND CREDIT CONCENTRATION [Abstract]

MAJOR CUSTOMERS AND CREDIT CONCENTRATION

NOTE 14 - MAJOR CUSTOMERS AND CREDIT CONCENTRATION

The Company's customers are food manufacturers.  There were two significant customers that accounted for greater than 10% (each) of sales for the six months ended June 30, 2012. These two customers accounted for 36% and 26% of total net sales.   In addition, the same two significant customers  accounted for greater than 10% (each) of accounts receivable for the quarter ended June 30, 2012. These customers accounted for 69% and 11% of the accounts receivable as of June 30, 2012.

The Company maintains cash deposits with major banks, which from time to time may exceed federally insured limits.  At June 30, 2012 and December 31, 2011, $354,601 and $313,073, respectively, were in excess of federally insured limits.  The Company periodically assesses the financial condition of the institutions and believes that the risk of any loss is minimal.