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Customer and Vendor Concentrations
12 Months Ended
Dec. 31, 2016
Customer and Vendor Concentrations [Abstract]  
CUSTOMER AND VENDOR CONCENTRATIONS

NOTE 18 – CUSTOMER AND VENDOR CONCENTRATIONS

 

For the years ended December 31, 2016 and 2015, the Company generated a significant portion of its revenues from certain customers as follows:

 

  % of Total Revenues Accounts Receivable as of
  2016 2015 December 31, 2016
Customer A  15.46%  4.23% $4,850 
Customer B  14.80%  5.32% $10,839 
Customer C  13.38%  —    $—   

 

For the years ended December 31, 2016 and 2015, the Company’s significant product and chemical raw material purchases were as follows:

 

  % to Total Products Accounts Payable as of
  2016 2015 December 31, 2016
Vendor A  54.73%  46.40% $—   
Vendor B  10.05%  —    $—   
Vendor C  —     16.94% $8,835 

 

The Company has no long-term written agreements with any of these vendors. The payment terms are generally net 30 days, and the Company is not substantially dependent upon any one or more of them; all are easily replaceable with any locally or nationally available supplier.