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Concentration of Credit Risk
6 Months Ended
Jun. 30, 2012
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

Note 7 - Concentration of Credit Risk

 

Concentration of credit risk with respect to trade accounts receivable is generally limited due to the number of entities comprising the Company's customer base. The Company performs ongoing credit evaluations and provides an allowance for potential credit losses against the portion of accounts receivable which is estimated to be uncollectible. Such losses have historically been within management's expectations. During the three and six months ended June 30, 2012, there was one customer whose purchases represented more than 10% of the Company’s consolidated net sales. During the three and six months ended June 30, 2011, there were two customers whose purchases represented more than 10% of the Company’s consolidated net sales. Sales to the top customers for the three and six months ended June 30, 2012 and 2011 are as follows:

 

    Three Months Ended     Three Months Ended  
    June 30, 2012     June 30, 2011  
Customer   Net Sales     % of Net Sales     Net Sales     % of Net Sales  
Customer A   $ 3,581,000       30.3%   $ 3,549,000       29.7%
Customer B     N/A       N/A     $ 1,563,000       13.1%

 

 

    Six Months Ended     Six Months Ended  
    June 30, 2012     June 30, 2011  
Customer   Net Sales     % of Net Sales     Net Sales     % of Net Sales  
Customer A   $ 7,335,000       28.6%   $ 7,433,000       30.1%
Customer B      N/A        N/A     $ 3,196,000       13.0%

 

As of June 30, 2012, the total amount owed to the Company by our largest customer was $972,000 or 17.1% of the Company’s consolidated accounts receivables. The amounts owed at June 30, 2011 by our two largest customers were $1,717,000 or 21.7% and $1,113,000 or 14.1% of the Company’s consolidated net accounts receivables, respectively.