Quarterly report pursuant to Section 13 or 15(d)

Major Customers and Vendors

v3.10.0.1
Major Customers and Vendors
6 Months Ended
Jun. 30, 2018
Major Customers and Vendors  
Major Customers and Vendors

 

10.        Major Customers and Vendors:

 

The Company had two major vendors that accounted for 26.5% and 14.6%, respectively, of total purchases during the six months ended June 30, 2018 and 20.8% and 14.6% of total purchases for the three months ended June 30, 2018. The Company had two major vendors that accounted for 26.6% and 14.1%, respectively, of total purchases during the six months ended June 30, 2017, and 22.0% and 14.9% of total purchases for the three months ended June 30, 2017. The Company had two major customers that accounted for 22.0% and 17.1%, respectively, of its net sales during the six months ended June 30, 2018, and 18.4%, and 16.1% of total net sales for the three months ended June 30, 2018. These same customers accounted for 32.3% and 8.4% respectively, of total net accounts receivable as of June 30, 2018. Two customers accounted for 28.6% and 15.1% of total net accounts receivable as of December 31, 2017. The Company had two major customers that accounted for 20.0% and 18.2%, respectively, of its total net sales during the six months ended June 30, 2017, and 21.0%, and 16.1% of total net sales for the three months ended June 30, 2017.