Note 13 - Major Customers and Accounts Receivable

9 Months Ended

Sep. 30, 2018

Concentration Risk Disclosure [Text Block]

13.	MAJOR CUSTOMERS AND ACCOUNTS RECEIVABLE

For the

three

months ended

September 30, 2018

and

2017,

three

customers accounted for

56%

and

two

customers accounted for

45%

of revenue, respectively. For the

nine

months ended

September 30, 2018

and

2017,

two

customers accounted for

39%

and

two

customers accounted for

32%

of revenue, respectively.

September 30, 2018,

five

customers accounted for

75%

of accounts receivable.

One

customer accounted for

100%

of non-current accounts receivable as of

September 30, 2018

and

December 31, 2017.

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

58%

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

December 31, 2017,

one

customer accounted for

55%

of current accounts receivable.