Concentration of Credit Risk

3 Months Ended

Mar. 31, 2018

NOTE 5. CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, short-term investments and accounts receivable, including receivables from major customers.

The Company’s main financial institution for banking operations held 98% and 82% of the Company’s cash and cash equivalents as of March 31, 2018 and December 31, 2017, respectively.

The Company grants credit to domestic and international clients in various industries. Exposure to losses on accounts receivable is principally dependent on each client's financial position. Customers who represented 10% or more of the Company’s net accounts receivable balance as of March 31, 2018 and December 31, 2017 were as follows:



	March 31,	December 31,
	2018	2017
Customer A	*	24%
Customer B	18%	*
Customer C	15%	*
Customer D	11%	*

Customers who represented 10% or more of the Company’s total revenue for the three months ended March 31, 2018 and 2017 were as follows:



	March 31,	March 31,
	2018	2017
Customer A	11%	34%
Customer B	*	55%
Customer C	26%	*
Customer D	12%	*
Customer E	14%	*

* Less than 10% for the period indicated