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Quarterly report pursuant to sections 13 or 15(d)

Concentrations

v2.4.0.6
Concentrations
 3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Concentrations

 Concentration of Revenues, Accounts Receivable and Costs and Expenses


For the three months ended March 31, 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  
    Months Ended     Months Ended  
    March 31, 2012     March 31, 2011  
Customer 1     45.4 %     47.0 %
Customer 2     19.6 %     -  
Totals     65.0 %     47.0 %

 

 Table of Contents

 

 

ASPEN GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2012

(Unaudited)

 

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

 

 

   

March 31,

2012

    

December 31,

2011

  
Customer 1     49.5 %     53.4 %
Customer 2     27.8 %     17.3 %
Totals     77.3 %     70.7 %

 

For the three months ended March 31, 2012 and 2011, the Company had significant vendors representing 10% or greater of cost and expense as follows:

 

 

    For the Three     For the Three  
    Months Ended     Months Ended  
    March 31, 2012     March 31, 2011  
                 
Vendor 1     16.8 %     37.5 %
                 
Totals     16.8 %     37.5 %