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Concentrations

9 Months Ended

Sep. 30, 2014

NOTE 13 – CONCENTRATIONS

Customers

No customer accounted for 10% or more of the Company’s revenues during the three and nine months ended September 30, 2014 and 2013.

Suppliers

The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s purchases for the three and nine months ended September 30, 2014 and 2013.

	Three Months Ended September 30,						Nine Months Ended September 30,
Supplier	2014			2013			2014			2013
A		14	%		15	%		14	%		15	%
B		22	%		22	%		19	%		19	%
C		15	%		*			16	%		*

* Less than 10%.

The three largest suppliers accounted for 41.9% of the Company’s total outstanding accounts payable at September 30, 2014. The largest supplier accounted for 10.2% of the Company’s total outstanding accounts payable at December 31, 2013.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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