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Concentrations
3 Months Ended
Mar. 31, 2015
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 2 – CONCENTRATIONS

 

Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash, accounts receivable, and accounts payable. Beginning January 1, 2015, all of our cash balances were insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per depositor at each financial institution. This coverage is available at all FDIC member institutions. The Company uses Wells Fargo Bank, which is an FDIC insured institution. Based on these facts, collectability of bank balances appears to be adequate.

 

For the quarter and year ending March 31, 2015 and March 31, 2014, one customer accounted for 5% and another customer in 2013 accounted for 13% of the Company’s revenues, respectively.

 

Accounts receivable at March 31, 2015 and December 31, 2014 are made up of trade receivables due from customers in the ordinary course of business. One customer made up 8% and another customer 34% of the trade accounts receivable balances at March 31, 2015 and December 31, 2014, respectively.

 

Accounts payable are made up of payables due to vendors in the ordinary course of business at March 31, 2015 and December 31, 2014. One vendor made up 50% and 82%, respectively of the outstanding balance, which represented greater than 10% of accounts payable at March 31, 2015 and December 31, 2014, respectively.