CUSTOMER AND VENDOR CONCENTRATIONS

6 Months Ended

Jun. 30, 2016

Concentration Risk Disclosure [Text Block]

NOTE 9 — CUSTOMER AND VENDOR CONCENTRATIONS

Customers:

Approximately 41% and 18% of the Company’s gross sales were made to two customers for the six months ended June 30, 2015. Approximately 45% of the Company’s gross sales were made to one customer for the six months ended June 30, 2016. At June 30, 2016, the amount included in outstanding accounts receivable related to this customer was approximately $817,000.

Vendors:

Approximately 78% of the Company’s purchases were provided by three vendors for the six months ended June 30, 2015. Approximately 94% of the Company’s purchases were provided by three vendors for the six months ended June 30, 2016. At June 30, 2016, the amount in accounts payable related to these vendors was $33,000.