Significant Customers

12 Months Ended

Dec. 31, 2016

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Significant Customers

4. SIGNIFICANT CUSTOMERS

For the year ended December 31, 2016, the Company had one customer that accounted for approximately 60% of its revenue. For the year ended December 31, 2015, the Company had two customers that accounted for approximately 16% and 15% of its revenue.

Customers individually representing more than 10% of trade receivables accounted for approximately 75% and 48% of accounts receivable as of December 31, 2016 and 2015, respectively. The Company grants credit to customers based on an evaluation of their financial condition. Losses from credit sales are provided for in the financial statements.