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CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE (Tables)
3 Months Ended
Mar. 31, 2017
CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE {2}  
SCHEDULE OF REVENUE BY MAJOR CUSTOMERS

Approximately 8.5% and 48.9% of the Company's net revenue for both periods ended March 31, 2017 and 2016, was from international sales.

 

 

Gross Revenue %

 

 

Gross Accounts Receivable

 

 

 

Periods Ended March 31,

 

 

Periods Ended March 31,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Customer A

 

 

51.2

%

 

 

65.6

%

 

$

2,603,277

 

 

$

1,337,076

 

Customer B

 

 

48.0

%

 

 

29.7

%

 

 

3,512,252

 

 

 

-

 

 

 

 

99.2

%

 

 

95.3

%

 

$

6,115,529

 

 

$

1,337,076

 

SCHEDULE OF ACCOUNTS PAYABLE DUE TO MAJOR VENDORS

As of March 31, 2017, approximately 86.7% and 74.1%, respectively, of accounts payable were due to two vendors.

 

 

 

Purchases %

 

 

Accounts Payable

 

 

 

Periods Ended March 31,

 

 

Periods Ended March 31,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Vendor A

 

 

93.2

%

 

 

85.1

%

 

$

2,890,006

 

 

$

148,004

 

Vendor B

 

 

3.8

%

 

 

10.4

%

 

 

138,183

 

 

 

11,311

 

 

 

 

97.0

%

 

 

95. 5

%

 

$

3,028,189

 

 

$

159,315