Major Customers and Credit Concentration

9 Months Ended

Sep. 30, 2016

MAJOR CUSTOMERS AND CREDIT CONCENTRATION [Abstract]

MAJOR CUSTOMERS AND CREDIT CONCENTRATION

NOTE 15 – MAJOR CUSTOMERS AND CREDIT CONCENTRATION

The Company’s customers are food manufacturers, school districts and distributors. There were two significant customers who accounted for 52% and 13% of total sales for the three months ended September 30, 2016. Further, these same two customers accounted for 42% and 29% of the total accounts receivable at September 30, 2016. There were two significant customers who accounted for 38% and 13% of total sales for the nine months ended September 30, 2016.

The Company maintains cash deposits with major banks, which from time to time may exceed federally insured limits. The Company periodically assesses the financial condition of the institutions and believes that the risk of any loss is minimal.