XML 19 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Significant Customers
9 Months Ended
Sep. 30, 2017
Significant Customers [Abstract]  
SIGNIFICANT CUSTOMERS

3. SIGNIFICANT CUSTOMERS

 

For the three months ended September 30, 2017, the Company had four customers individually that accounted for approximately 17%, 12%, 11% and 11% of revenue. For the three months ended September 30, 2016, the Company had one customer individually that accounted for approximately 76% of revenue. For the nine months ended September 30, 2017, the Company had four customers individually that accounted for approximately 17%, 13%, 11% and 10% of revenue. For the nine months ended September 30, 2016, the Company had two customers individually that accounted for approximately 55% and 10% of revenue. No other customers individually accounted for more than 10% of revenue for these reported periods in 2017 and 2016.

 

Customers individually representing more than 10% of trade receivables accounted for approximately 64% and 75% of accounts receivable as of September 30, 2017 and December 31, 2016, 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.