CONCENTRATIONS

9 Months Ended

Mar. 31, 2014

Concentration Risk Disclosure [Text Block]

CONCENTRATIONS

Major Customer

For the nine months ended March 31, 2014, two customers accounted for 41% and 19% of the Company’s revenues. For the nine months ended March 31, 2013, approximately 65% of the Company’s revenues were from one customer.

Major Suppliers

For the nine months ended March 31, 2014, two suppliers accounted for 31% and 25% of the total cost of revenues. For the nine months ended March 31, 2013, three suppliers accounted for 25%, 12% and 10% of the cost of revenues.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details