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Concentration
9 Months Ended
Sep. 30, 2016
Concentration [Abstract]  
CONCENTRATION

NOTE 15 – CONCENTRATION

 

Customers

 

The following table sets forth information as to each customer that accounted for 10% or more of the Company’s revenues for the three and nine months ended September 30, 2016 and 2015.

 

      Three Months Ended September 30,     Nine Months Ended September 30,  
Customer     2016     2015     2016     2015  
  A       *       19 %     *       13 %

 

* Less than 10%.

 

No customer accounted for 10% of the Company’s total outstanding accounts receivable at September 30, 2016 and December 31, 2015. At December 31, 2015, the Company had a dispute with its largest customer and the accounts receivable from its largest customer was fully reserved. In the third quarter of 2016, the dispute was resolved by payment by the Company of the amount claimed to be due, and the fully reserved account receivable from this customer was written off with a corresponding debit to the allowance for doubtful account.

 

Suppliers

 

The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s inventories purchases for the three and nine months ended September 30, 2016 and 2015.

 

      Three Months Ended September 30,     Nine Months Ended September 30,  
Supplier     2016     2015     2016     2015  
  A       37 %     27 %     23 %     25 %
  B       18 %     *       10 %     *  
  C       16 %     *       *       *  
  D       *       14 %     12 %     *  
  E       *       *       *       10 %

 

* Less than 10%.

 

The four largest suppliers accounted for 6.3% of the Company’s total outstanding accounts payable at September 30, 2016. Three largest suppliers accounted for 13.6% of the Company’s total outstanding accounts payable at December 31, 2015.