v3.4.0.3
Concentrations
12 Months Ended
Dec. 31, 2015
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 4 CONCENTRATIONS

 

During the year ended December 31, 2015, for our agriculture segment, four customers’ balances each represented over 10% of our accounts receivable and one customer provided 56% of total revenue in the aggregate; during the year ended December 31, 2014, two customers each provided over 10% of our revenue and 30% of total revenue in the aggregate. The Company maintains cash balances with financial institutions that at times may exceed the limits insured by the Federal Deposit Insurance Corporation. Accounts receivable are uncollateralized, non-interest-bearing customer obligations due under normal trade terms requiring payment within 30 days from the invoice date. Accounts receivable are stated at the amount billed to the customer.