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CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE (Tables)
12 Months Ended
Dec. 31, 2015
CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE (Tables)  
Major Customers

The loss of these customers would adversely impact the business of the Company.

 

 

Gross Revenue %

 

Accounts Receivable

 

 

 

2015

 

2014

 

2015

 

2014

 

Customer A

 

 

89

%

 

 

68

%

 

$

4,610,852

 

 

$

1,088,610

 

Customer B

 

 

7

%

 

 

24

%

 

 

1,063,755

 

 

 

-

 

 

 

 

96

%

 

 

92

%

 

$

5,674,607

 

 

$

1,088,610

 

 

Major Vendors

Major Vendors

 

The Company had two vendors from which it purchased at least ten percent (10%) of merchandise during the year ended December 31, 2015 and one vendor in 2014. The loss of this supplier would adversely impact the business of the Company.

 

 

 

Purchases %

 

 

Accounts Payable

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

Vendor A

 

 

73

%

 

 

-

$

1,486,648

 

 

$

-

Vendor B

 

 

18

%

 

 

99

%

 

 

350,770

 

 

 

462,269

 

 

 

 

91

%

 

 

99

%

 

$

1,837,418

 

 

$

462,269