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Financial Instruments

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

NOTE 13 - Financial Instruments

Concentration of Customer Risk

The following tables includes the percentage of the Company’s sales to significant customers for the three and nine month periods ended September 30, 2017 and 2016. A customer is considered to be significant if they account for greater than 10% of the Company’s annual sales.

Three months ended September 30:

		2017								2016
		$				%				$				%
Customer A			17				-				113,831				71.3
Customer B			9,693				47.7				6,389				4.0
Customer C			5,689				28.0				1,267				0.1

			15,399				75.7				121,487				75.4

Nine months ended September 30:

		2017								2016
		$				%				$				%
Customer A			100,236				52.7				146,099				52.4
Customer B			35,158				18.5				25,655				9.0
Customer C			20,076				10.6				1,267				0.1

			155,470				81.8				173,021				61.5

The loss of any of these key customers could have an adverse effect on the Company’s business. As at September 30, 2017, $2,622 (2016 - $118,354) was included in accounts receivable from the companies identified above, representing 31% (2016 - 81%) of the Company’s accounts receivable as at that date.