v3.19.1
Customer and Vendor Concentrations
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
CUSTOMER AND VENDOR CONCENTRATIONS

NOTE 13 – CUSTOMER AND VENDOR CONCENTRATIONS

 

For the years ended December 31, 2018 and 2017, the Company generated a significant portion of its revenues from certain customers as follows:

 

  % of Total Revenues Accounts Receivable as of
  2018 2017 December 31, 2018
Customer A 18.44% 0.45% $ ---
Customer B 13.64% 7.50% $4,680
Customer C 9.03% 3.05% $ ---
Customer D (related party) 5.11% 17.30% $ ---
Customer E (related party) 2.89% 18.35% $ ---
Customer F 0.30% 12.46% $ ---

 

For the years ended December 31, 2018 and 2017, the Company's significant product and chemical raw material purchases were as follows:

 

  % to Total Products Accounts Payable as of
  2018 2017 December 31, 2018
Vendor A 22.36% --- $479
Vendor B 16.46% 18.41% $ ---
Vendor C 10.45% 7.15% $46
Vendor D 9.85% 17.33% $ ---
Vendor E 4.72% 24.97% $ ---

 

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.