MAJOR CUSTOMERS AND CREDIT CONCENTRATION

9 Months Ended

Sep. 30, 2015

MAJOR CUSTOMERS AND CREDIT CONCENTRATION [Abstract]

MAJOR CUSTOMERS AND CREDIT CONCENTRATION

NOTE 17 – MAJOR CUSTOMERS AND CREDIT CONCENTRATION

The Company’s customers are food manufacturers, school districts and distributors.  There were two significant customers who accounted for 40% and 14% of total sales for the nine months ended September 30, 2015.  Further, there was one customer that accounted for 83% of the total accounts receivable for the nine months ended September 30, 2015.  The total accounts receivable at September 30, 2015 and December 31, 3014 were $196,453 and $ 46,188 respectively.  This difference is primarily due to the timing of shipments to a significant customer.

The Company maintains cash deposits with major banks, which from time to time may exceed federally insured limits.  At September 30, 2015 and December 31, 2014, $0 and $777,713, 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.