Business and Credit Concentrations

9 Months Ended

Mar. 31, 2016

NOTE 2 - Business and Credit Concentrations

An entity is more vulnerable to concentrations of credit risk if it is exposed to risk of loss greater than it would have had if it mitigated its risk through diversification of customers. Such risks of loss manifest themselves differently, depending on the nature of the concentration, and vary in significance. The Company had one customer with an accounts receivable balance that comprised 25% of the Company’s accounts receivable at March 31, 2016 and 22% of the Company’s accounts receivable at June 30, 2015. Net sales to this customer were 13% and 11% of net sales in the three months ended March 31, 2016 and 2015, respectively. Net sales to this customer were 12% of net sales in each of the nine months ended March 31, 2016 and March 31, 2015.