Major Customer and Geographic Information

6 Months Ended

Jun. 30, 2018

Major Customer and Geographic Information [Abstract]

Major Customer and Geographic Information

Note 9. 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 June 30						Six Months ended June 30
	2018			2017			2018			2017
Customer A		8	%		47	%		13	%		40	%
Customer B		85	%		20	%		74	%		24	%
Customer C		2	%		12	%		5	%		12	%

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:

	June 30			December 31
	2018			2017
Customer A		6	%		14	%
Customer B		88	%		47	%
Customer C		2	%		15	%

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 June 30				Six Months ended June 30
	2018		2017		2018		2017
North America	$	1,674,400	$	136,700	$	1,859,300	$	311,800
South America		–		–		1,500		–
Europe		100		200		100		200
Asia		199,200		215,300		438,200		374,200
Australia		–		7,400		–		14,800
	$	1,873,700	$	359,600	$	2,299,100	$	701,000