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Concentrations
9 Months Ended
Sep. 30, 2017
Risks and Uncertainties [Abstract]  
Concentrations
Concentrations
For the three months ended September 30, 2017 and 2016, Honda accounted for 48% and 68%, respectively, of the Company's revenues. For the nine months ended September 30, 2017 and 2016, Honda accounted for 52% and 60%, respectively, of the Company's revenues. This customer accounted for 22% and 35% of the Company's accounts receivable at September 30, 2017 and December 31, 2016, respectively. Based on discussions with Honda, and acceleration of the Company's powder-to-coat strategy, the Company's supply of coated catalysts to Honda has begun to significantly decline in the second half of 2017, as certain current vehicle models are phased out. The Company does not anticipate significant revenue from Honda in 2018.
For the three months ended September 30, 2017, the Company had four suppliers that accounted for approximately 14%, 12%, 12%, and 11% of the Company's material purchases. For the three months ended September 30, 2016, the Company had two suppliers that accounted for approximately 36% and 12% of the Company's material purchases.
For the nine months ended September 30, 2017, the Company had two suppliers that accounted for approximately 18%, and 11% of the Company's material purchases. For the nine months ended September 30, 2016, the Company had one supplier that accounted for approximately 38% of the Company's material purchases.