Concentration of Credit Risk

12 Months Ended

Dec. 31, 2016

Concentration Risk Disclosure [Text Block]

Note 2 – Concentration of Credit Risk

The Company maintains cash balances in financial institutions in excess of federally insured limits. Other than Elemetal, LLC (“Elemetal”), the Company has no retail or wholesale customers that account for more than 10% of its revenues. During Fiscal 2016, 25% of sales and 27% of purchases were transactions with Elemetal, and in Fiscal 2015 these transactions represented 24% of sales and 26% of purchases. Elemetal accounted for 13% and 74% of the Company’s accounts receivable, as of December 31, 2016 and 2015, respectively. Elemetal also accounted for 79% and 73% of the Company’s accounts payable, as of December 31, 2016 and 2015.