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CONCENTRATIONS
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3 Months Ended |
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Sep. 30, 2012
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| Risks and Uncertainties [Abstract] | |
| CONCENTRATIONS |
NOTE 10 – CONCENTRATIONS
Customer Concentrations
During the three months ended September 30, 2012, the Company had three major customers that represented more than 10% of its revenues on an individual basis, and combined represented 51% or approximately $38,000 of the Company’s total revenues.
The three major customers were Epic Boats (a company founded and controlled by Chris Anthony, our chairman and president), which represented 27% of the total revenues, GreenTech Automotive, Inc., which represented 13% of the total revenues and Good Earth Energy Conservation, Inc. which represented 11% of the total revenue.
During the three months ended September 30, 2011, the Company had three major customers that represented more than 10% of its revenues on an individual basis, and combined represented 71% or approximately $400,000 of the Company’s total revenues.
The three major customers were Wheego Electric Cars, which represented 45% of the total revenues, Artisan Vehicle Systems, which represented 14% of the total revenues and Columbia Parcar Corporation which represented 12% of the total revenue.
We currently sell products direct or through one of several retail distributors in North America. Our direct customers are mostly large companies while our distributors primarily distribute to smaller retail customers.
Suppliers/Vendor
During the three months ended September 30, 2012 and 2011, we had one supplier, Global Fluid Power Solutions, LLC accounted for 0% and 44% of our total purchases. |