Note 9. Operations and Concentrations

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Notes to Financial Statements

Operations and Concentrations

For the three and nine-month periods ended September 30, 2013 and 2012, we earned revenues (as a percentage of total revenues) in the following categories:

			Three months ended		Nine months ended
			September 30,		September 30,
Revenue Streams			2013	2012	2013	2012
	Disclosure management		40.8%	75.4%	59.8%	67.3%
	Shareholder communications		54.7%	20.6%	35.2%	28.0%
	Software licensing		4.5%	4.0%	5.0%	4.7%
		Total	100.0%	100.0%	100.0%	100.0%

No customers accounted for more than 10% of the operating revenues during the three or nine-month periods ended September 30, 2013 or 2012.  We did not have any customers that comprised more than 10% of our total accounts receivable balances at September 30, 2013 or December 31, 2012.

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.

For the years ended December 31, 2012 and December 31, 2011, we generated revenues from the following revenue streams as a percentage of total revenue:

	2012					2011
	Amount		Percentage			Amount		Percentage
Revenue Streams
Compliance and reporting services	$	2,530,127		58.8	%	$	1,632,889		50.6	%
Printing and financial communication		561,802		13.0	%		536,912		16.6	%
Fulfillment and distribution		554,957		12.9	%		639,578		19.8	%
Software licensing		189,245		4.4	%		86,389		2.7	%
Transfer agent services		469,435		10.9	%		332,331		10.3	%
Total	$	4,305,566		100.0	%	$	3,228,099		100.0	%

We did not have any customers during the years ended December 31, 2012 or 2011 that accounted for more than 10% of our revenue. We did not have any customers that comprised more than 10% of our total accounts receivable balances at December 31, 2012 or 2011.

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