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Concentrations
 3 Months Ended
Mar. 31, 2018
Risks and Uncertainties [Abstract]  
Concentrations

13. Concentrations

 

Revenues from the Company’s services to a limited number of customers have accounted for a substantial percentage of the Company’s total revenues. For the three months ended March 31, 2018, the Company’s two largest customers, Tiburon, Inc. (“Tiburon”) a reseller and Sycle.net (“Sycle”) a reseller, accounted for 12 % and 10%, respectively, of the Company’s revenue for that period. For the three months ended March 31, 2017, the Company’s two largest customers, Tiburon, and Laser Systems, Inc. (“Laser Systems”) a reseller, accounted for 12% and 8%, respectively, of the Company’s revenue for that period.

 

For the three months ended March 31, 2018 and 2017 government contracts represented approximately 35 % and 36% of the Company’s net revenues, respectively. A significant portion of the Company’s sales to Tiburon represent ultimate sales to government agencies.

 

As of March 31, 2018, accounts receivable concentrations from the Company’s two largest customers were 36% and 8% of gross accounts receivable, respectively. As of December 31, 2017, accounts receivable concentrations from the Company’s three largest customers were 39%, 12% and 10% of gross accounts receivable, respectively. Accounts receivable balances from the Company’s two largest customers at March 31, 2018 have since been partially collected.