Concentrations

12 Months Ended

Dec. 31, 2015

Concentrations [Abstract]

CONCENTRATIONS

NOTE 14 – CONCENTRATIONS

Customers

The following table sets forth information as to each customer that accounted for 10% or more of the Company’s revenues for the year ended December 31, 2015. No customer accounted for 10% or more of the Company’s revenues during 2014.

Customer	Year Ended December 31, 2015
A	13%

The customer A is the customer in the petroleum and chemical segment with which we have the dispute and we have fully reserved the receivable from this customer. See Note 2.

No customer accounted for 10% or more of the Company’s outstanding accounts receivable at December 31, 2015 and 2014.

Suppliers

The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s purchases for the years ended December 31, 2015 and 2014.

	Year Ended December 31,
Supplier	2015			2014
A		17	%		20	%
B		15	%		13	%
C		15	%		16	%

The three largest suppliers accounted for 13.6% and 30.4% of the Company’s total outstanding accounts payable at December 31, 2015 and 2014, respectively.