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Quarterly report pursuant to sections 13 or 15(d)

10. Concentrations

v2.4.0.6
10. Concentrations
 6 Months Ended
Jun. 30, 2012
Risks and Uncertainties [Abstract]  
10. Concentrations

Concentration of Revenues, Accounts Receivable and Costs and Expenses

 

For the three and six months ended June 30, 2012 and 2011, the Company had significant customers with individual percentage of total revenues equaling 10% or greater as follows:

 

    For the Three     For the Three     For the Six     For the Six  
    Months Ended     Months Ended     Months Ended     Months Ended  
    June 30, 2012     June 30, 2011     June 30, 2012     June 30, 2011  
Customer 1     33.3 %     43.9 %     39.7 %     45.5 %
Customer 2     16.3 %     -       17.9 %     -  
Totals     49.6 %     43.9 %     57.6 %     45.5 %

 

   

At June 30, 2012 and December 31, 2011, concentration of accounts receivable with significant customers representing 10% or greater of accounts receivable was as follows:

 

   

June 30,

2012

    

December 31,

2011

  
Customer 1     58.4 %     53.4 %
Customer 2     17.0 %     17.3 %
Totals     75.4 %     70.7 %

 

For the three and six months ended June 30, 2012 and 2011, the Company had significant vendors representing 10% or greater of cost and expense as follows:

 

    For the Three     For the Three     For the Six     For the Six  
    Months Ended     Months Ended     Months Ended     Months Ended  
    June 30, 2012     June 30, 2011     June 30, 2012     June 30, 2011  
                                 
Vendor 1     12.1 %     27.1 %     14.3 %     31.8 %
                                 
Totals     12.1 %     27.1 %     14.3 %     31.8 %