Business and Credit Concentrations

12 Months Ended

Jun. 30, 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 22% of the Company’s accounts receivable at both June 30, 2016 and 2015. Sales to this customer comprised 13% of net sales in each of the fiscal years ended June 30, 2016 and 2015.