Concentrations

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Concentrations

For the three-month periods ended March 31, 2012 and 2011, we earned revenues (as a percentage of total revenues) in the following categories:

	Three months ended
	March 31,
	2012	2011
Revenue Streams
Compliance and reporting services	57.0%	40.3%
Printing and financial communication	14.9%	9.4%
Fulfillment and distribution	16.5%	25.1%
Software licensing	5.5%	2.3%
Transfer agent services	6.1%	22.9%
Total	100.0%	100.0%

No customers accounted for more than 10% of the operating revenues during the three-month periods ended March 31, 2012 or 2011. We did not have any customers that comprised more than 10% of our total accounts receivable balances at March 31, 2012 or December 31, 2011.

We do not believe we had any financial instruments that could have potentially subjected us to significant concentrations of credit risk. A portion of our revenues are paid at the beginning of the month via credit card or in advance by check, the remaining accounts receivable amounts are generally due within 30 days, none of which is collateralized.