• Filing Date: 2013-11-12
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
Concentration of Credit Risk
9 Months Ended
Sep. 30, 2013
Concentration Of Credit Risk [Abstract]  
Concentration of Credit Risk
Note 10 - Concentration of Credit Risk
 
The Company maintains its cash in one bank deposit account, which at times may exceed the federally insured limits of $250,000 that exist through December 31, 2013.  At September 30, 2013, the Company did not have any uninsured deposits.
 
Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of accounts receivable.  The Company extends credit based on the customers’ financial conditions.  The Company does not require collateral or other security to support customer receivables.  Credit losses, when realized, have been within the range of management’s expectations.  To further reduce credit risk associated with accounts receivable, the Company performs periodic credit evaluations of its customers.
 
 
 Concentrations in Accounts Receivable:   September 30, 2013     September 30, 2012  
             
 Customer A     57 %     63 %
 Customer B     26 %     32 %
 Customer C     10 %     *  
                 
 Concentrations in Revenue:   September 30, 2013     September 30, 2012  
                 
 Customer A     46 %     *  
 Customer B     41 %     57 %
 Customer C     10 %     40 %
                 
* Customer did not exceed 10% for respective year