Concentrations

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Note 7. Concentrations

Concentration of Credit Risk 

The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through June 30, 2015. On January 1, 2013, the standard insurance amount of $250,000 per depositor, per bank, became effective. As of June 30, 2015, the Company’s bank balances did not exceed FDIC insured amounts. 

Concentration of Revenues, Accounts Receivable and Suppliers 

For the three and six months ended June 30, 2015 and 2014, the Company had significant customers with individual percentage of total revenues equaling 10% or greater as follows: 

	For the Three			For the Three			For the Six			For the Six
	Months Ended			Months Ended			Months Ended			Months Ended
	June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Customer 1		73.0	%		56.8	%		74.2	%		44.4	%
Customer 2		10.5	%		-			-			-
Customer 3		10.4	%		18.0	%		-			28.1	%
Customer 4		-			11.2	%		-			11.3	%
Customer 5		-			10.3	%		-			10.1	%
Totals		93.9	%		96.3	%		74.2	%		93.9	%

At June 30, 2015 and December 31, 2014, concentration of accounts receivable with significant customers representing 10% or greater of accounts receivable was as follows: 

	June 30, 2015			December 31, 2014
Customer 1		58.6	%		47.6	%
Customer 2		19.1	%		-
Customer 3		13.1	%		26.7	%
Totals		90.8	%		74.3	%

For the three and six months ended June 30, 2015 and 2014, the Company had significant suppliers representing 10% or greater of goods purchased as follows: 

	For the Three			For the Three			For the Six			For the Six
	Months Ended			Months Ended			Months Ended			Months Ended
	June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Supplier 1		70.8	%		88.6	%		76.9	%		69.1	%
Supplier 2		29.2	%		-			23.1	%		-
Supplier 3		-			11.4	%		-			30.9	%
Totals		100.0	%		100.0	%		100.0	%		100.0	%