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BUSINESS CONCENTRATIONS
 3 Months Ended
Mar. 31, 2016
Risks and Uncertainties [Abstract]  
BUSINESS CONCENTRATIONS

NOTE 14 – BUSINESS CONCENTRATIONS

 

We purchase our products from several suppliers with approximately 95% of our purchases supplied from one vendor for both the three months ended March 31, 2016 and 2015.

 

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. During the three months ended March 31, 2016, three customers each generated more than 10% of our total revenues and during the three months ended March 31, 2015 four customers each generated more than 10% of our total revenues. Revenue generated from three major customers accounted for approximately 61% of our recognized revenue for the three months ended March 31, 2016 and revenue generated from four customers accounted for approximately 70% of our recognized revenue for the three months ended March 31, 2015. Customers that generated more than 10% of our sales are designated as customers “A”, “B”, “C” and “D”. During the three months ended March 31, 2016, customers A, B and C generated $1,335,551, $1,104,344 and $680,096 in revenues, respectively. During the three months ended March 31, 2015 customers A, B, C and D generated $1,416,127, $626,731, $543,447 and $386,909 in sales, respectively.