Customer Concentration

6 Months Ended

Jun. 30, 2018

Customer Concentration

Customer Concentration

Note 12 – Customer Concentration

The Company has significant exposure to customer concentration. During the three months ended June 30, 2018 one customer individually accounted for more than 10% of sales at 19% of net sales.  During the three months ended June 30, 2017, three customers individually accounted for more than 10% of sales at 62% of net sales. In total for the six months ended June 30, 2018 and 2017, three customers accounted for 41% and 60% of net sales, respectively.

At June 30, 2018 four customers individually accounted for more than 10% of outstanding trade receivables, and in aggregate accounted for 48% of outstanding trade receivaables, net.  At December 31, 2017 three customers, individually accounted for more than 10% of outstanding trade receivables, and in aggregate accounted for 48%,  of outstanding trade receivables, net. The customers are customers of the Products segment.