(5) Concentrations

The Company maintains substantially all of its cash and cash equivalents with one financial institution.

A significant majority of the Company’s revenue earned from advertisers is generated through arrangements with distribution partners. The Company may not be successful in renewing any of these agreements, or if they are renewed, they may not be on terms as favorable as current agreements. The Company may not be successful in entering into agreements with new distribution partners or advertisers on commercially acceptable terms. In addition, several of these distribution partners or advertisers may be considered potential competitors. The Company’s largest distribution partner was paid less than 20% of consolidated revenue for the three months ended March 31, 2013 and 2014.

The advertisers representing more than 10% of consolidated revenue are as follows:


	Three months ended March 31,
	2013			2014
Advertiser A		26	%		21	%
Advertiser B		12	%		*
Advertiser C		10	%		34	%

Advertiser A is also a distribution partner.

The outstanding receivable balance for each advertiser representing more than 10% of accounts receivable is as follows:


	At December 31, 2013			At March 31, 2014
Advertiser A		41	%		29	%
Advertiser B		14	%		*
Advertiser C		13	%		33	%

*	Less than 10%