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Note 9 - Major Customer and Vendor
3 Months Ended
Jun. 30, 2017
Notes  
Note 9 - Major Customer and Vendor

NOTE 9 - MAJOR CUSTOMERS AND VENDORS

 

The Company sold products through ten distributors during the three months ended June 30, 2017 and 2016. Sales to four distributors represented 19%, 16%, 11% and 11% of total sales for the three months ended June 30, 2017. Sales to three distributors represented 23%, 16%, and 14% of total sales for the three months ended June 30, 2016.

 

The Company sold 10 and 6 products during the three months ended June 30, 2017 and 2016, respectively. Sales of four products represented 37%, 17%, 11%, and 11% of total sales for the three months ended June 30, 2017.  Sales of three products represented 53%, 15%, and 14% of total sales for the three months ended June 30, 2016. 

 

The Company purchases its products from Shandong Yongchuntang according to the purchase contract signed between the Company and Shandong Yongchuntang. Pursuant to the renewed one year contract dated February 20, 2017, the Company agreed to purchase 9 products from Shandong Yongchuntang at fixed prices. Total purchases from Shandong YCT represented 54% and 33% of our total purchases during the three months ended June 30, 2017 and 2016, respectively. The purchases from two other vendors represented 19% and 14% of the Company's total purchases for the three months ended June 30, 2017. The purchases from three other vendors represented 23%, 18%, and 14% of the Company's total purchases for the three months ended June 30, 2016.