Concentration of Credit Risk

6 Months Ended

Jun. 30, 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 has financial institutions for banking operations that hold 10% or more of the of the Company’s cash and cash equivalents. As of June 30, 2018, two of the Company's financial institutions held 58% and 28% of the Company’s cash and cash equivalents, respectively. As of December 31, 2017, two of the Company's financial institutions held 82% and 12% of the Company’s cash and cash equivalents, 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. The Company has customers who represented 10% or more of the Company’s net accounts receivable balance as of June 30, 2018 and December 31, 2017. The Company had two customers that accounted for 11% and 10% of the Company’s net accounts receivable balance as of June 30, 2018, and one Customer that accounted for 24% of the Company's net accounts receivable balance as of December 31, 2017.

Customers who represented 10% or more of the Company’s total revenue for the three and six months ended June 30, 2018 and 2017 were as follows:



	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2018	2017	2018	2017
Company A	13%	*	*	*
Company B	12%	*	*	*
Company C	11%	*	*	*
Company D	*	22%	*	13%
Company E	*	21%	*	12%
Company F	*	19%	*	11%
Company G	*	15%	*	*
Company H	*	*	*	31%
Company I	*	*	*	15%

* Less than 10% for the period indicated