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

Major Customers

 

The Company had three customers who comprised at least six percent (6%) of gross revenue during the fiscal years ended December 31, 2013 and 2012.  The loss of these customers would adversely impact the business of the Company.  The percentage of gross revenue and the accounts receivable from each of these customers is as follows:

 

 

 

Gross Revenue %

 

 

Accounts Receivable

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

 

2013

 

 

2012

Customer A

 

62%

 

60%

 

$

6,418,071

 

$

2,208,495

Customer B

 

22%

 

10%

 

 

70,974

 

 

464,601

Customer C

 

6%

 

12%

 

 

336,432

 

 

35,435

 

 

90%

 

82%

 

$

6,825,477

 

$

2,708,531

Major Vendors

Major Vendors

 

The Company had two vendors from which it purchased at least five percent (5%) of merchandise during the fiscal year ended December 31, 2013 and December 31, 2012. The loss of these suppliers would adversely impact the business of the Company.  The percentage of purchases, and the related accounts payable from each of these vendors is as follows:

 

 

 

Purchases %

 

 

Accounts Payable

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

 

2013

 

 

2012

Vendor A

 

93 %

 

81%

 

$

1,320,945

 

$

818,883

Vendor B

 

5%

 

13%

 

 

112,952

 

 

28,834

 

 

98 %

 

94%

 

$

1,433,897

 

$

847,717