Concentrations

3 Months Ended

Mar. 31, 2016

Risks and Uncertainties [Abstract]

Concentrations

NOTE 7 – Concentrations

The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through March 31, 2016. As of March 31, 2016, there were no cash balances held in depository accounts that are not insured.

At March 31, 2016, two customers accounted for 63.8% and 13.4% of accounts receivable.

For the three months ended March 31, 2016, three customers accounted for 32.3%, 31.9% and 11.2% of sales.

Approximately 43.1% of revenue was generated from customers outside the United States during the three months ended March 31, 2016.

During the three months ended March 31, 2016, sales primarily resulted from three products, FireIce®, Soil₂O® and FireIce Shield® which made up 47.0%, 27.5% and 24.2%, respectively, of total sales. Of the FireIce® sales, 88.6% related to the sale of FireIce® products and 11.4% related to sales of the FireIce extinguishers and educator equipment.  Of the Soil₂O® sales, 50.1%% related to traditional sales of Soil₂O® and 49.9% related to sales of Soil₂O® Dust Control.  Of the FireIce Shield® sales, 84.9% consisted sales of asset protection canisters and refills and 15.1% consisted of sale of spray bottles for use by welders and plumbers.  

One vendor accounted for 55.8% of the Company’s approximately $32,000 in purchases of raw material, finished goods and packaging during the three months ended March 31, 2016.

During the three months ended March 31, 2016, our president and principal shareholder provided 100% of the Company’s debt financing.