CONCENTRATION OF RISK

9 Months Ended

Sep. 30, 2019

CONCENTRATION OF RISK [Abstract]

CONCENTRATION OF RISK

NOTE 7. CONCENTRATION OF RISK

Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of trade accounts receivable.  We perform ongoing credit evaluations on the financial condition of our customers and generally do not require collateral.

Revenues and accounts receivable from significant customers (customers with revenue or accounts receivable in excess of 10% of any consolidated totals) are stated below as a percent of consolidated totals.

		A		B			C
% of Revenues, three months ended September 30, 2019		10	%	13	%		11	%
% of Revenues, three months ended September 30, 2018	NA			19	%		17	%
% of Revenues, nine months ended September 30, 2019		14	%	11	%		10	%
% of Revenues, nine months ended September 30, 2018	NA			27	%		22	%
% of Accounts Receivable, as of September 30, 2019		18	%	15	%		9	%
% of Accounts Receivable, as of December 31, 2018		16	%	13	%	NA

The following table presents revenues by geographic area shipped to (in thousands).

	Three Months Ended September 30				Nine Months Ended September 30
	2019		2018		2019		2018
United States	$	5,046	$	3,132	$	16,959	$	9,244
Other countries		254		331		924		969
Revenues	$	5,300	$	3,463	$	17,883	$	10,213

The following table presents revenues by product line (in thousands).

	Three Months Ended September 30				Nine Months Ended September 30
	2019		2018		2019		2018
Food	$	3,573	$	1,926	$	12,685	$	5,657
Animal nutrition		1,727		1,537		5,198		4,556
Revenues	$	5,300	$	3,463	$	17,883	$	10,213

 Purchases from certain significant vendors are stated below as a percent of total purchases.

	Three Months Ended September 30						Nine Months Ended September 30
	2019			2018			2019			2018
Vendor 1		6	%		12	%		4	%		12	%
Vendor 2		3	%		12	%		3	%		9	%
Others		91	%		76	%		93	%		79	%
Total		100	%		100	%		100	%		100	%