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Note 10 - Concentration of Credit Risk

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

Note

10

- 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

nine

months ended

September 30, 2020

and

2019,

there was

one

customer whose purchases represented more than

10%

of the Company's consolidated net sales. Sales to this customer for the

nine

months ended

September 30, 2020

and

2019

are as follows:

		Three Months Ended								Three Months Ended
		September 30, 2020								September 30, 2019
Customer		Net Sales				% of Net Sales				Net Sales				% of Net Sales
Customer A		$	3,737,000				63	%		$	1,559,000				25	%

		Nine Months Ended								Nine Months Ended
		September 30, 2020								September 30, 2019
Customer		Net Sales				% of Net Sales				Net Sales				% of Net Sales
Customer A		$	9,412,000				50	%		$	8,890,000				37	%

As of

September 30, 2020,

the total amounts owed to the Company by this customer were approximately

$1,724,000

or

33%

of the Company's consolidated net accounts receivable. The amounts owed at

September 30, 2019

by this customer was approximately

$831,000

or

16%

of the Company's consolidated net accounts receivable.

X

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-URI http://asc.fasb.org/topic&trid=2134479

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X

- References

No definition available.

+ Details

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