Concentrations Disclosure

6 Months Ended

Jun. 30, 2019

Notes

Concentrations Disclosure

5. Concentrations

The Company grants credit in the normal course of business to its customers. The Company periodically performs credit analysis and monitors the financial condition of its customers to reduce credit risk.

Two customers accounted for 95.7% and 4.3% for the three month period ended June 30, 2019, and 92.8% and 5.0%, respectively, of total project management revenue during the six months ended June 30, 2019. Two customers accounted for 96.3% and 3.7% for the three month period a year earlier, and 94.5% and 5.5%, respectively, during the six months ended June 30, 2018.

Two project management customers accounted for 90.9% and 9.1%, respectively, of total project management accounts receivable at June 30, 2019, and for 93.6% and 6.4%, respectively, at December 31, 2018. Project management accounts receivable constituted 91.8% of receivables at June 30, 2019, and 93.6% of net receivables as of December 31, 2018.

Revenue from the Company’s heat conversion technology was from different clients in the periods ended June 30, 2019 and June 30, 2018.