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Note 9 - Concentration of Credit Risk
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]
Not
e
9
- Concentration of Credit Risk
 
Concentration of credit risk with respect to trade accounts receivable is generally limited due to the large 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
and
nine
months ended
September 30, 2018
and
2017,
there were
two
customers whose purchases represented more than
10%
of the Company’s consolidated net sales, respectively. Sales to these customers for the
three
months ended
September 30, 2018
and
2017
are as follows:
 
   
Three Months Ended
   
Three Months Ended
 
   
September
30
, 2018
   
September
30
, 2017
 
Customer
 
Net Sales
   
% of Net
Sales
   
Net Sales
   
% of Net
Sales
 
Customer A
  $
2,686,030
     
23.3
%    
3,195,486
     
24.2
%
Customer B
   
2,395,460
     
20.8
%    
2,283,424
     
17.3
%
 
Sales to these customers for the
nine
months ended
September 30, 2018
and
2017
are as follows:
 
   
Nine
Months Ended
   
Nine
Months Ended
 
   
September
30, 2018
   
September
30, 2017
 
Customer
 
Net Sales
   
% of Net
Sales
   
Net Sales
   
% of Net
Sales
 
Customer A
  $
10,796,452
     
26.0
%   $
11,489,409
     
27.8
%
Customer B
   
9,737,989
     
23.5
%    
6,457,251
     
15.6
%
 
As of
September 30, 2018,
the total amounts owed to the Company by these customers were approximately
$1,702,000
or
17.6%
and
$2,241,000
or
23.2%,
of the Company’s consolidated net accounts receivable, respectively. The amounts owed at
September 30, 2017
by these customers were approximately
$1,491,000
or
19.6%,
and
$1,631,000
or
21.5%
of the Company’s consolidated net accounts receivable, respectively.