XML 35 R22.htm IDEA: XBRL DOCUMENT v3.19.3
Concentrations
9 Months Ended
Sep. 30, 2019
Risks and Uncertainties [Abstract]  
Concentrations
Concentrations
As of September 30, 2019, two customers accounted for 80% of the Company’s total accounts receivable. As of December 31, 2018, four customers accounted for 89% of the Company’s total accounts receivable.
During the three months ended September 30, 2019, 82% of the Company’s revenues were earned from four customers. During the three months ended September 30, 2018, 82% of the Company’s revenues were earned from five customers. During the nine months ended September 30, 2019, 74% of the Company’s revenues were earned from four customers. During the nine months ended September 30, 2018, 55% of the Company’s revenues were earned from three customers.
As of September 30, 2019, two vendors accounted for 37% of the Company’s accounts payable.  As of December 31, 2018, one vendor accounted for 16% of the Company’s accounts payable.
During the three months ended September 30, 2019, two suppliers accounted for 57% of the Company’s cost of goods sold. During the three months ended September 30, 2018, three suppliers accounted for 58% of the Company’s cost of goods sold. During the nine months ended September 30, 2019, two suppliers accounted for 53% of the Company’s cost of goods sold. During the nine months ended September 30, 2018, two suppliers accounted for 44% of the Company’s cost of goods sold.
Currently, the Company’s inventory and operations are primarily located in Wisconsin. There is a risk of loss if there are significant environmental, legal or economic changes to this geographic area. The Company 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.