XML 89 R10.htm IDEA: XBRL DOCUMENT

Concentration of Risk	12 Months Ended
Dec. 31, 2013
Risks and Uncertainties [Abstract]
Concentration of Risk	Note 4 - Concentration of Risk Financial instruments that potentially subject the Company to significant concentration of credit risk consist principally of accounts receivable, cash and cash equivalents. The Company’s cash and cash equivalents are maintained with high quality institutions, the compositions and maturities of which are regularly monitored by management. Through December 31, 2013, the Company had not experienced any losses on such deposits. Accounts receivable include amounts due from customers primarily in the manufactory industry. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. The Company also maintains allowances for potential credit losses. In estimating the required allowances, the Company takes into consideration the overall quality and aging of the receivable portfolio, the existence of a limited amount of credit insurance and specifically identified customer risks. Through December 31, 2013, such losses have been within management’s expectations. In fiscal year 2013, products sold to the Company’s largest customer, accounted for approximately 33.60% of the total revenue for fiscal year 2013 (2012 – 8.07%). Products purchased from the Company’s largest suppliers, Anteya Technology Corp, accounted for approximately 60.55% of the total purchases for fiscal year 2013 (2012 - 59.51%).

Concentration of Risk

12 Months Ended

Dec. 31, 2013

Note 4 - Concentration of Risk

Financial instruments that potentially subject the Company to significant concentration of credit risk consist principally of accounts receivable, cash and cash equivalents. The Company’s cash and cash equivalents are maintained with high quality institutions, the compositions and maturities of which are regularly monitored by management. Through December 31, 2013, the Company had not experienced any losses on such deposits.

Accounts receivable include amounts due from customers primarily in the manufactory industry. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. The Company also maintains allowances for potential credit losses. In estimating the required allowances, the Company takes into consideration the overall quality and aging of the receivable portfolio, the existence of a limited amount of credit insurance and specifically identified customer risks. Through December 31, 2013, such losses have been within management’s expectations.

In fiscal year 2013, products sold to the Company’s largest customer, accounted for approximately 33.60% of the total revenue for fiscal year 2013 (2012 – 8.07%). Products purchased from the Company’s largest suppliers, Anteya Technology Corp, accounted for approximately 60.55% of the total purchases for fiscal year 2013 (2012 - 59.51%).

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details