Annual report pursuant to Section 13 and 15(d)

Concentrations

v3.6.0.2
Concentrations
12 Months Ended
Dec. 31, 2016
Concentrations [Abstract]  
CONCENTRATIONS
13. CONCENTRATIONS

 

Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of trade accounts receivable.  The Company performs ongoing credit evaluations of its customers and generally does not require collateral related to its trade accounts receivable. At December 31, 2016, accounts receivable from one customer comprised 100% of the company’s total accounts receivable-trade. Revenues from one customer approximated 87% of total revenues for 2016. At December 31, 2015, accounts receivable from two customers comprised approximately 100% of the Company’s total accounts receivable-trade. Revenues from two customers approximated 71% of total revenues for 2015.