CUSTOMER AND VENDOR CONCENTRATIONS

3 Months Ended

Mar. 31, 2017

Concentration Risk Disclosure [Text Block]

NOTE 9 — CUSTOMER AND VENDOR CONCENTRATIONS

Customers:

Approximately 22%, 19%, 19% and 13% of the Company’s gross sales were made to four customers with each exceeding 10% of total gross sales for the three months ended March 31, 2017. At March 31, 2017, the amount included in outstanding accounts receivable related to these customers was approximately $696,000. Approximately 35%, 14%, 12% and 11% of the Company’s gross sales were made to four customers with each exceeding 10% of total gross sales for the three months ended March 31, 2016.

Vendors:

Approximately 99% of the Company’s purchases were provided by three vendors for the three months ended March 31, 2017. At March 31, 2017, the amount in accounts payable related to these vendors was approximately $18,000. Approximately 87% of the Company’s purchases were provided by two vendors for the three months ended March 31, 2016.