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CONCENTRATIONS AND CREDIT RISK
9 Months Ended
Sep. 30, 2012
CONCENTRATIONS AND CREDIT RISK  
CONCENTRATIONS AND CREDIT RISK

NOTE 3.                    CONCENTRATIONS AND CREDIT RISK

 

Major Customers

 

No customer accounted for more than 10% of total revenue for the three and nine months ended September 30, 2012 or 2011.

 

No customer accounted for more than 10% of total trade receivables as of September 30, 2012.  General Electric, Inc. accounted for approximately 18% of total trade receivables as of December 31, 2011.  No other customers accounted for more than 10% of total trade receivables as of December 31, 2011.

 

Credit Risk Concentration

 

We maintain most of our cash with nationally recognized financial institutions like Wells Fargo Bank, National Association (“Wells Fargo”). Substantially all balances are uninsured and are not used as collateral for other obligations. We believe that concentrations of credit risk on accounts receivable are limited due to the number, diversification and character of the obligors and our credit evaluation process.