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Quarterly report pursuant to sections 13 or 15(d)

10. Concentrations

v2.4.0.6
10. Concentrations
 9 Months Ended
Sep. 30, 2012
Risks and Uncertainties [Abstract]  
10. Concentrations

 

Note 10. Concentrations

 

Concentration of Revenues, Accounts Receivable and Costs and Expenses

 

For the three and nine months ended September 30, 2012 and 2011, the Company had significant customers with individual percentage of total revenues equaling 10% or greater as follows:

 

    For the Three     For the Three     For the Nine     For the Nine  
    Months Ended     Months Ended     Months Ended     Months Ended  
    Septmber 30, 2012     Septmber 30, 2011     Septmber 30, 2012     Septmber 30, 2011  
 Customer 1     27.5 %     38.3 %     35.9 %     42.9 %
 Customer 2     -       11.4 %     13.1 %     -  
 Totals     27.5 %     49.7 %     49.0 %     42.9 %


At September 30, 2012 and December 31, 2011, concentration of accounts receivable with significant customers representing 10% or greater of accounts receivable was as follows:

 

    Septmber 30, 2012     December 31, 2011  
 Customer 1     22.1 %     53.4 %
 Customer 2     15.0 %     17.3 %
 Customer 3     15.0 %     -  
 Totals     52.1 %     70.7 %

 

For the three and nine months ended September 30, 2012 and 2011, the Company had significant vendors representing 10% or greater of cost and expense as follows:

 

    For the Three     For the Three     For the Nine     For the Nine  
    Months Ended     Months Ended     Months Ended     Months Ended  
    Septmber 30, 2012     Septmber 30, 2011     Septmber 30, 2012     Septmber 30, 2011  
 Vendor 1     10.2 %     17.6 %     13.3 %     25.2 %
 Totals     10.2 %     17.6 %     13.3 %     25.2 %