COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS (Tables)

3 Months Ended

Mar. 31, 2016

COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS

Customer and purchase concentration risks

The following table discloses product sales the Company had to each customer that purchased in excess of 10% of the Company's net product sales for the periods indicated:

	For the three months ended								Accounts Receivable as of
	March 31, 2016				March 31, 2015				March 31, 2016		March 31, 2015
	Sales		% of Sales		Sales		% of Sales
Customer 1	$	2,589,405	44	%	$	2,461,871	44	%	$	2,694,495	$	6,097,611
Customer 2		1,796,477	30	%		1,016,989	18	%		860,420		345,502
Customer 3		*	*			1,386,183	25	%		461,594		1,134,327

(*) Product sales did not exceed 10% for the period indicated.

Note that sales include product sales only while accounts receivable reflects the total due from the customer, which includes freight.

The following table discloses purchases the Company made from each vendor that sold to the Company in excess of 10% of the Company's total purchases for the periods indicated:

	For the three months ended							Accounts Payable as of
	March 31, 2016				March 31, 2015			March 31, 2016		March 31, 2015
	Purchases		% of Purc.		Purchases		% of Purc.
Vendor 1	$	222,902	14	%		*	*	$	-	*

(*) Purchases did not exceed 10% for the period indicated.