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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2012
Summary Of Significant Accounting Policies Tables  
Accounts receivable

 

    June 30,     December 31,  
    2012     2011  
    (Unaudited)        
Accounts Receivable Gross   $ 11,611,000     $ 6,992,000  
Allowance for Doubtful Accounts     (1,067,000 )     (950,000 )
Accounts Receivable Net   $ 10,544,000     $ 6,042,000  
Credit and Concentration Risks

 

Credit and Concentration Risks

 

There were two customers that represented 60.6% and 73.5% of total sales for the three months ended June 30, 2012 and 2011, respectively. This is set forth in the table below.

 

Customer   Percentage of Sales  
    2012     2011  
    (Unaudited)     (Unaudited)  
             
1     31.6       21.5  
2     29.0       52.0  

 

There were two customers that represented 64.9% and 67.1% of total sales for the six months ended June 30, 2012 and 2011, respectively. This is set forth in the table below.

 

Customer   Percentage of Sales  
    2012     2011  
    (Unaudited)     (Unaudited)  
             
1     33.7       47.9  
2     31.2       19.2  

 

 

There were four customers that represented 69.8% of gross accounts receivable at June 30, 2012 and five customers that represented 82.2% of gross accounts receivable at December 31, 2011.  This is set forth in the table below.

 

Customer   Percentage of Receivables  
    June     December  
    2012     2011  
    (Unaudited)        
1     26.6       18.3  
2     19.7       12.9  
3     11.8       26.2  
4     11.7       13.3  
5     *       11.5  
                 
* Customer was less than 10% of receivables at June 30, 2012  
Earnings per share

 

The following securities have been excluded from the calculation as their effect would be anti-dilutive:

 

    June 30,     June 30,  
    2012     2011  
Stock Options     15,548       291,428  
Warrants     250       19,865