Major Customer and Geographic Information

9 Months Ended

Sep. 30, 2016

Major Customer and Geographic Information [Abstract]

Major Customer and Geographic Information

Note 10. Major Customer and Geographic Information

The Company’s revenues, expressed as a percentage of total revenues, from non-affiliated customers that equaled 10% or more of the Company’s total revenues were:

	Three Months ended September 30						Nine Months ended September 30
	2016			2015			2016			2015
Customer A		3	%		53	%		19	%		57	%
Customer B		21	%		13	%		22	%		18	%
Customer C		60	%		–			37	%		–

The Company’s non-affiliate customers whose individual balances amounted to more than 10% of the Company’s net accounts receivable, expressed as a percentage of net accounts receivable, were:

	September 30			December 31
	2016			2015
Customer A		5	%		31	%
Customer B		28	%		25	%
Customer C		51	%		–

The Company performs ongoing credit evaluations of its customers and generally does not require collateral. The Company also maintains allowances for potential credit losses. The loss of a major customer could have a material adverse effect on the Company’s business operations and financial condition.

The Company’s revenues by geographic region are as follows:

	Three Months ended September 30				Nine Months ended September 30
	2016		2015		2016		2015
North America	$	184,900	$	110,000	$	411,300	$	308,600
Asia		351,400		126,400		596,400		432,900
Australia		7,400		–		22,200		–
	$	543,700	$	236,400	$	1,029,900	$	741,500