CUSTOMER CREDIT CONCENTRATIONS

12 Months Ended

Dec. 31, 2014

Concentration Risk Disclosure [Text Block]

6.	CUSTOMER CREDIT CONCENTRATIONS

The Company sells to three entities owned by the brother of Robert Carmichael, the Company’s Chief Executive officer, and two Company’s owned by the Chief Executive Officer as further discussed in Note 7. RELATED PARTIES TRANSACTIONS. Combined sales to these five entities for the years ended December 31, 2014 and 2013, represented 41.28% and 29.15%, respectively, of total net revenues. Sales to no other customers for the years ended December 31, 2014, or 2013 represented greater than 10% of net revenues for the respective periods.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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