Major Customers and Accounts Receivable

6 Months Ended

Jun. 30, 2018

Risks and Uncertainties [Abstract]

Major Customers and Accounts Receivable

Major Customers and Accounts Receivable

Major customers are those customers that account for more than 10% of revenues or accounts receivable. For the three and six months ended June 30, 2018, 21% and 19% of revenues, respectively, were derived from one major Nexsan Business customer. The loss of this customer could have a material adverse effect on the Company’s operations. Two customers had outstanding accounts receivable balances of 10% or more and these customers represented 27% of total accounts receivable as of June 30, 2018.

For the three and six months ended June 30, 2017, 24% of revenues were derived from one major Nexsan Business customer. Two customers had outstanding accounts receivable balances of 10% or more and these customers represented 29% of total accounts receivable as of December 31, 2017.