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CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE (Tables)
3 Months Ended
Mar. 31, 2013
CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE (Tables)  
Major Customers

The percentage of gross revenue and the accounts receivable from each of these customers is as follows:

 

 

 

Gross Revenue %

 

 

Accounts Receivable

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

 

2012

 

 

2011

Customer A

 

60%

 

55%

 

$

2,208,495

 

$

1,014,690

Customer B

 

10%

 

19%

 

 

464,601

 

 

488,468

Customer C

 

12%

 

13%

 

 

35,435

 

 

0

 

 

82%

 

87%

 

$

2,708,531

 

$

1,503,158

Major Vendors

The percentage of purchases, and the related accounts payable from each of these vendors is as follows:

 

 

 

Purchases %

 

 

Accounts Payable

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

 

2012

 

 

2011

Vendor A

 

81%

 

62%

 

$

818,883

 

$

291,350

Vendor B

 

13%

 

35%

 

 

28,834

 

 

350

 

 

94%

 

97%

 

$

847,717

 

$

291,700