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BUSINESS CONCENTRATIONS
 6 Months Ended
Jun. 30, 2015
Risks and Uncertainties [Abstract]  
BUSINESS CONCENTRATIONS

NOTE 14 - BUSINESS CONCENTRATIONS

 

We purchase our products from several suppliers with approximately 98% and 71% of our purchases supplied from one vendor for the six months ended June 30, 2015 and 2014, respectively.

 

We sell our prescription prenatal vitamin products to wholesale distributors, specialty pharmacies, specialty distributors, and chain drug stores that generally sell products to retail pharmacies, hospitals, and other institutional customers. Revenue generated from four major customers accounted for approximately 91% and 97% of our recognized revenue for the six months ended June 30, 2015 and 2014, respectively.

 

Customers that generated more than 10% of our sales are designated as customers “A”, “B”, “C” and “D”. During the six months ended June 30, 2015, two customers generated more than 10% of revenues and during the six months ended June 30, 2014, four customers generated more than 10% of revenues. During the six months ended June 30, 2015, customer A generated approximately $4,474,000 in revenues and customer B generated approximately $1,832,000 in revenues. During the six months ended June 30, 2014, customers A, B, C and D generated approximately $2,465,000, $1,227,000, $1,089,000 and $1,053,000 in sales, respectively.