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7. CUSTOMERS AND SUPPLIERS
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
CUSTOMERS AND SUPPLIERS

The Company had three significant customers with annual sales over $500,000 which accounted for approximately 10%, 9% and 6% of the Company’s sales in 2018 and had one significant customer which accounted for approximately 16% of the Company’s sales in 2017. The loss of the sales generated by these customers would have a significant effect on the operations of the Company.

 

The Company purchases all raw materials inventory for its principal product from one vendor. If this vendor became unable to provide materials in a timely manner and the Company was unable to find alternative vendors, the Company's business, operating results and financial condition would be materially adversely affected.