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MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK
12 Months Ended
Dec. 31, 2013
MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK  
MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK

NOTE 2 MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK

        Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and accounts receivable. With regard to cash, we maintain our excess cash balances in checking accounts at one high-credit quality financial institution. These accounts may at times exceed federally insured limits.

        Our largest customer has two divisions that together accounted for 10% or more of our net sales during the past two years. One division accounted for 20% and 17% of net sales for the years ended December 31, 2013 and 2012, respectively. The other division accounted for 6% and 7% of net sales for the years ended December 31, 2013 and 2012, respectively. Together, they accounted for 26% and 24% of net sales for the years ended December 31, 2013 and 2012, respectively. Accounts receivable from both divisions at December 31, 2013 and 2012 represented 20% and 15% of total accounts receivable, respectively. We do not require collateral on our accounts receivable.