Annual report pursuant to Section 13 and 15(d)

Note 19 - Concentrations and Credit Risks

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Note 19 - Concentrations and Credit Risks
12 Months Ended
Dec. 31, 2015
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]
Note 19
– Concentrations and Credit Risks

Revenues

For the year ended December 31, 2015, the Company had two significant customers that accounted for more than 10% of the Company’s total revenues: one company generated $1,438,151, a second company generated $2,867,298 in revenues for services provided in the CMS business segment.  For the year ended December 31, 2014, the Company had two significant customers that accounted for more than 10% of the Company’s total revenues: one company generated $1,572,140 and a second company generated $1,699,599 in revenues for services provided in the CMS business segment.

The Company’s sales to its top five customers accounted for approximately 56% and 52% of revenues during the year ended December 31, 2015 and 2014, respectively.  During the year ended December 31, 2015, the Company had one foreign customer accounting for 22% of its revenues.  During the year ended December 31, 2014, the Company had one foreign customer accounting for just under 9% of its revenues.

Accounts Receivable

For the years ended December 31, 2015 and 2014, the Company had approximately 56% and 57% of its accounts receivable balance held by the largest five customers, respectively.  During each of the years ended December 31, 2015 and 2014, the Company had three customers accounting for more than 10% each of its accounts receivables balances, respectively.

Accounts Payable

For the years ended December 31, 2015 and 2014, the Company had approximately 42% and 26% of its accounts payable balances held by its largest five vendors, respectively.  During each of these same periods, the Company had one and none of its vendors accounting for more than 10% each of the Company’s accounts payables balances, respectively.