CONCENTRATION OF CUSTOMERS

12 Months Ended

Dec. 31, 2013

Concentration Risk Disclosure [Text Block]

NOTE 15 - CONCENTRATION OF CUSTOMERS

Two customers accounted for 18% and 10% of the Company’s revenue during the year ended and as of December 31, 2013 and one of the customers accounted for 10% of the Company’s accounts receivable as of December 31, 2013. One customer accounted for 54% of finance receivables as of December 31, 2013.

One customer accounted for 18% of the Company’s revenue, 14% of the Company’s accounts receivable and 70% of notes and sales-type lease receivables during the year ended and as of December 31, 2012. An additional customer accounted for 15% of the Company’s revenue and 12% of the Company’s accounts receivable during the year ended and as of December 31, 2012.

Three customers accounted for 17%, 11% and 10% of the Company’s revenue and two of those customers accounted for 14% and 13% of the Company’s accounts receivable during the year ended and as of December 31, 2011. One customer accounted for 69% of notes and sales-type lease receivables as of December 31, 2011.

- 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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