• Filing Date: 2013-04-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.6
CUSTOMERS AND SUPPLIERS
12 Months Ended
Dec. 31, 2012
CUSTOMERS AND SUPPLIERS  
CUSTOMERS AND SUPPLIERS

NOTE 10 – CUSTOMERS AND SUPPLIERS

 

WCI had two significant customers which accounted for approximately 23% of the Company’s sales in 2012 and two significant customers which accounted for 69% of sales in 2011.  In 2012, the order of the concentration for the two different vendors accounted for the following percentages respectively, 13% and 10%. In 2011 the order concentration for the two customers accounted for the following percentages respectively, 54% and 15%.  The loss of the sales generated by these customers would have a significant effect on the operations of the Company.

 

The Company purchases all inventory from one vendor. If this vendor became unable to provide materials in a timely manner and the Company was unable to find alternative vendors, the Company's business, operating results and financial condition would be materially adversely affected.