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Concentration of Credit Risk
3 Months Ended
Mar. 31, 2013
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

Note 7 - Concentration of Credit Risk

 

Concentration of credit risk with respect to trade accounts receivable is generally limited due to the number of entities comprising the Company's customer base. The Company performs ongoing credit evaluations and provides an allowance for potential credit losses against the portion of accounts receivable which is estimated to be uncollectible. Such losses have historically been within management's expectations. During the three months ended March 31, 2013, there was one customer whose purchases represented more than 10% of the Company’s consolidated net sales. During the three months ended March 31, 2012, there were two customers whose purchases represented more than 10% of the Company’s consolidated net sales. Sales to the top customers for the three months ended March 31, 2013 and 2012 are as follows:

 

    Three Months Ended     Three Months Ended  
    March 31, 2013     March 31, 2012  
Customer   Net Sales     % of Net
Sales
    Net Sales     % of Net
Sales
 
Customer A   $ 4,873,000       36.5%   $ 3,753,000       27.2%
Customer B     N/A       N/A     $ 1,634,000       11.8%

 

 

As of March 31, 2013, the total amount owed to the Company by the largest customer was $1,931,000 or 23.0% of the Company’s consolidated accounts receivables. The amounts owed at March 31, 2012 by the largest customers were $2,276,000 or 30.1% and $557,000 or 7.4% of the Company’s consolidated net accounts receivables, respectively.