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Note D - Concentration of Risk
 12 Months Ended
Dec. 31, 2013
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

NOTE D—CONCENTRATION OF RISK


Financial instruments which potentially subject the Company to risk primarily consist of cash and accounts receivables.


The Company maintains its cash and cash equivalents with various financial institutions, which, at times may exceed the amounts insured by the Federal Deposit Insurance Corporation. The exposure to the Company is solely dependent upon daily bank balances and the respective strength of the financial institutions. The Company has not incurred any losses on these accounts. At December 31, 2013 and 2012, amounts in excess of insured limits were $1,534,815 and $0, respectively.


The Company extends credit to customers on an unsecured basis in the normal course of business. The Company’s policy is to perform an analysis of the recoverability of its receivables at the end of each reporting period and to establish allowances where appropriate. The Company analyzes historical bad debts and contract losses, customer concentrations, and customer credit-worthiness when evaluating the adequacy of the allowances.


The Company had certain customers whose revenue individually represented 10% or more of the Company’s total revenue, as follows:


   

Years Ended December 31,

 
   

2013

   

2012

 
                 

Customer A

    19

%

    31

%

Customer B

    15

%

    *

%


*      Less than 10% of total revenue


The Company had certain customers whose accounts receivable balances individually represented 10% or more of the Company’s total accounts receivable, as follows:


   

As of December 31,

 
   

2013

   

2012

 
                 

Customer C

    50

%

    74

%

Customer D

    *

%

    14

%


*      Less than 10% of total accounts receivable