Concentration of Credit Risk

12 Months Ended

Dec. 31, 2016

Risks and Uncertainties [Abstract]

Concentration of Credit Risk

12. Concentration of Credit Risk

Financial instruments, which potentially subject the Company to concentration of credit risk, consist principally of cash and trade receivables. The Company places cash and, when applicable, cash equivalents, with high quality financial institutions and, by policy, limits the amount of credit exposure to any one financial institution. As of December 31, 2016, the Company had approximately $330,400 of cash with financial institutions in excess of FDIC insurance limits. As of December 31, 2015, the Company had approximately $1,559,900 of cash with financial institutions in excess of FDIC insurance limits.

For the years ended December 31, 2016 and December 31, 2015, the Company considered the following to be its most significant customers:

	2016						2015
Customer	% Sales			% Accounts Receivable			% Sales			% Accounts Receivable
Alcatel		6.0	%		0.6	%		4.9	%		4.6	%
Broadridge		0.6	%		6.3	%		0.5	%		4.7	%
Centric Systems		5.0	%		11.5	%		5.0	%		13.2	%
Elosoft		11.0	%		18.8	%		10.9	%		14.8	%
GE		4.4	%		13.8	%		2.0	%		4.4	%
KitASP		8.0	%		1.5	%		3.8	%		16.1	%
Raytheon		3.4	%		6.5	%		9.4	%		1.6	%
Uniface		6.1	%		10.9	%		5.3	%		1.9	%
Xerox		3.2	%		7.3	%		3.3	%		7.6	%
Total		47.7	%		77.2	%		45.1	%		68.9	%

The Company performs credit evaluations of customers’ financial condition whenever necessary, and does not require cash collateral or other security to support customer receivables.