Concentrations Disclosure

9 Months Ended

Sep. 30, 2019

Notes

Concentrations Disclosure

5. Concentrations

The Company grants credit in the normal course of business to its customers. The Company periodically performs credit analysis and monitors the financial condition of its customers to reduce credit risk.

Two customers accounted for 96.7% and 3.3% of total project management revenue during the three month period ended September 30, 2019, and 94.3% and 4.3%, respectively, for the nine months ended September 30, 2019. Two customers accounted for 96.9% and 3.1% for the three month period a year earlier, and 95.5% and 4.5%, respectively, during the nine months ended September 30, 2018.

Two project management customers accounted for 96.7% and 3.3%, respectively, of total project management accounts receivable at September 30, 2019, and for 93.6% and 6.4%, respectively, at December 31, 2018. Project management accounts receivable constituted 93.9% of receivables at September 30, 2019, and 93.6% of net receivables as of December 31, 2018.

Revenue from the Company’s heat conversion technology was from different clients in the periods ended September 30, 2019 and September 30, 2018.