XML 44 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Concentrations
12 Months Ended
Dec. 31, 2018
Risks and Uncertainties [Abstract]  
Concentrations
Concentrations
As of December 31, 2018, four customers accounted for 89% of the Company’s total accounts receivable. As of December 31, 2017, three customers accounted for 49% of the Company’s total accounts receivable.
During the years ended December 31, 2018, 2017 and 2016, 66%, 72% and 96% of our revenues were earned from four customers, respectively.
As of December 31, 2018, one vendor accounted for 16% of the Company’s accounts payable. As of December 31, 2017, two vendors accounted for 28% of the Company’s accounts payable.
During the years ended December 31, 2018, 2017 and 2016, two suppliers accounted for 40%, 59% and 32% of the Company’s cost of goods sold, respectively.
The Company’s sand inventory and mining operations are located in Wisconsin. There is a risk of loss if there are significant environmental, legal or economic changes to this geographic area.
The Company currently primarily utilizes one third-party rail company to ship its products to customers from its plant. There is a risk of business loss if there are significant impacts to this third party’s operations.