Note 3 - Major Customers and Suppliers

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Major Customers and Suppliers Disclosure [Text Block]

(

3

) MAJOR CUSTOMERS AND SUPPLIERS:

Our revenues are derived primarily from chemical supply and pharmaceutical companies located primarily in the United States. For the

nine

months ended

September 

30,

2020

three

major customers accounted for

66%

of total revenues. For the

nine

months ended

September 

30,

2019,

five

major customers accounted for

75%

of total revenues.

Substantially all inventory purchases were from

three

vendors in

2020

and

2019.

These vendors are located primarily outside the United States.

We have

three

sources for our Aquaplex

®

products. There are multiple sources for our Trappsol

®

products.

For the

nine

months ended

September 

30,

2020,

the product mix of our revenues consisted of

4%

biopharmaceuticals,

96%

basic natural and chemically modified cyclodextrins. For the

nine

months ended

September 

30,

2019

the product mix of our revenues consisted of

6%

biopharmaceuticals,

63%

basic natural and chemically modified cyclodextrins, and

30%

cyclodextrin complexes.