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Concentrations
9 Months Ended
Sep. 30, 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 September 30, 2015 and December 31, 2014, one customer accounted for 15% and another customer in 2014 accounted for 16% of the Company’s net revenues, respectively.

 

Accounts receivable at September 30, 2015 and December 31, 2014 are made up of trade receivables due from customers in the ordinary course of business. One customer made up 35% and another customer 34% of the trade accounts receivable balances at September 30, 2015 and December 31, 2014, respectively.

 

Accounts payable are made up of payables due to vendors in the ordinary course of business at September 30, 2015 and December 31, 2014. One vendor made up 82% and 82%, respectively of the outstanding balance, which represented greater than 10% of accounts payable at September 30, 2015 and December 31, 2014, respectively.