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Concentrations
3 Months Ended
Mar. 31, 2017
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 6 – 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, 2017. As of March 31, 2017, there were no cash balances held in depository accounts that are not insured.


At March 31, 2017, two customers accounted for 47.4% and 22.5% of accounts receivable.


For the three months ended March 31, 2017, two customers accounted for 47.9% and 10.5% of sales.


Approximately 57.4% of revenue was generated from customers outside the United States during the three months ended March 31, 2017.


During the three months ended March 31, 2017, sales primarily resulted from three products, FireIce®, Soil2O® and FireIce Shield® which made up 76.3%, 10.0% and 13.6%, respectively, of total sales. Of the FireIce® sales, 87.1% related to the sale of FireIce® products and 12.9% related to sales of the FireIce extinguishers and eductor equipment.  Of the Soil2O® sales, 28.9% related to traditional sales of Soil2O® and 71.1% related to sales of Soil2O® Dust Control.  Of the FireIce Shield® sales, 7.4% consisted sales of asset protection canisters and refills, 38.0% related to FireIce Shield® CTP units and products, and 46.2% consisted of sale of spray bottles for use by welders and plumbers.  


One vendor accounted for 53.4% of the Company’s approximately $193,000 in purchases of raw material, finished goods and packaging during the three months ended March 31, 2017.


During the three months ended March 31, 2017, our chairman and principal shareholder provided 100% of the Company’s debt financing.