MAJOR CUSTOMERS AND CREDIT CONCENTRATION

9 Months Ended

Sep. 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 nine months ended September 30, 2012. These two customers accounted for 33% and 26% of total net sales.   In addition, there were  three significant customers  that accounted for greater than 10% (each) of accounts receivable for the quarter ended September 30, 2012. These customers accounted for 53%, 13% and 13% of the accounts receivable as of September 30, 2012.

The Company maintains cash deposits with major banks, which from time to time may exceed federally insured limits.  At September 30, 2012 and December 31, 2011, $477,148 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.