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CONCENTRATIONS

3 Months Ended

Sep. 30, 2013

Concentration Risk Disclosure [Text Block]

8. CONCENTRATIONS

Major Customer

For the three months ended September 30, 2013, two customers accounted for 57% and 21% of the Company’s revenues. For the three months ended September 30, 2012, approximately 70% of the Company’s revenues were from one customer. At September 30, 2013, one customer accounted for approximately 88% of the total net accounts receivable balance.

Major Suppliers

For the three months ended September 30, 2013, two suppliers accounted for 53% and 40% of the total cost of revenues. For the three months ended September 30, 2012, one supplier accounted for 21% of the cost of revenues.

- 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.

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