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CONCENTRATIONS

6 Months Ended

Dec. 31, 2013

Concentration Risk Disclosure [Text Block]

9. CONCENTRATIONS

Major Customer

For the six months ended December 31, 2013, two customers accounted for 40% and 16% of the Company’s revenues. For the six months ended December 31, 2012, approximately 67% of the Company’s revenues were from one customer.

Major Suppliers

For the six months ended December 31, 2013, two suppliers accounted for 31% and 18% of the total cost of revenues. For the six months ended December 31, 2012, three suppliers accounted for 18%, 13% and 10% 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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