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Concentration of credit risk and major customers
12 Months Ended
Dec. 31, 2011
Concentration of credit risk and major customers

3.         Concentration of credit risk and major customers:

 

The Company maintains all of its cash balances in a New Jersey financial institution. The balances are insured by the Federal Deposit Insurance Company (FDIC) up to $250,000. At December 31, 2011, the Company had no uninsured cash balances.

 

For the years ended December 31, 2011 and 2010 one customer, Brooklyn Cheesecake & Desserts Company, Inc. (New Jersey), represented 100% of our total revenues, $12,000 and $12,906 respectively. As of December 31, 2011 and 2010, respectively, accounts receivable from this customer was $21,906 and $9,906.