Note 12 - Major Customers and Accounts Receivable

6 Months Ended

Jun. 30, 2017

Concentration Risk Disclosure [Text Block]

12.	MAJOR CUSTOMERS AND ACCOUNTS RECEIVABLE

For the

three

months ended

June 30, 2017

and

2016,

three

customers accounted for

52%

and

three

customers accounted for

48%

of revenue, respectively. For the

six

months ended

June 30, 2017

and

2016,

three

customers accounted for

44%

and

three

customers accounted for

48%

of revenue, respectively.

Three customers accounted for

57%

of current accounts receivable as of

June 30, 2017.

One customer accounted for

100%

of non-current accounts receivable as of

June 30, 2017

and

December 31, 2016.

Based on prior history with this customer, the Company believes the amount is fully collectable, however, the Company has reserved

$1,000,000

which represents

48%

of the remaining balance owed under the contract, due to the length of time the receivable has been outstanding. At

December 31, 2016,

one

customer accounted for

81%

of current accounts receivable.