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Customer Credit Concentrations
9 Months Ended
Sep. 30, 2016
Risks and Uncertainties [Abstract]  
Customer Credit Concentrations

6. CUSTOMER CREDIT CONCENTRATIONS

 

The Company sells to three (3) entities owned by the brother of Robert Carmichael, the Company’s Chief Executive Officer, and three (3) companies owned or controlled by the Chief Executive Officer as further discussed in Note 7. RELATED PARTIES TRANSACTIONS. Combined sales to these six (6) entities for the three months ended September 30, 2016 and 2015, represented 28.64% and 25.50% respectively, of total net revenues. Combined sales to these six (6) entities for the nine months ended September 30, 2016 and 2015, represented 30.65% and 30.49% respectively, of total net revenues.