COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS (Tables)

6 Months Ended

Jun. 30, 2017

COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS

Customer and purchase concentration risks

The following table discloses product sales and accounts receivable the Company had with respect 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										For the six months ended										Accounts Receivable as of
	June 30, 2017					June 30, 2016					June 30, 2017					June 30, 2016					June 30, 2017			June 30, 2016
	Sales			% of Sales		Sales			% of Sales		Sales			% of Sales		Sales			% of Sales
Customer 1		$	956,207	33	%		$	666,765	33	%		$	2,895,794	35	%		$	3,256,170	41	%		$	2,729,804		$	3,389,505
Customer 2			*	*				*	*				*	*				1,796,477	23	%			*			-
Customer 3			*	*				*	*				1,326,171	16	%			*	*				-			*
Customer 4			399,482	14	%			*	*				754,408	9	%			*	*				-			*

(*) 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 and accounts payable that the Company had with respect to 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

For the six months ended

Accounts Payable as of

June 30, 2017

June 30, 2016

June 30, 2017

June 30, 2016

June 30, 2017

June 30, 2016

Purchases

% of Purc.

Purchases

% of Purc.

Purchases

% of Purc.

Purchases

% of Purc.

Vendor 1

$

*

*

$

203,020

12

%

$

*

*

$

425,922

13

%

$

*

$

60,935

Vendor 2

698,838

32

%

*

*

698,838

26

%

*

*

-

*

Vendor 3

204,781

11

%

*

*

*

*

*

*

29,613

*

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