Note 10 - Concentrations |
3 Months Ended |
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Sep. 30, 2016 | |
| Notes to Financial Statements | |
| Concentration Risk Disclosure [Text Block] |
NOTE
10
- CONCENTRATIONS
Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of temporary cash investments and unsecured trade accounts receivable. The Company maintains cash balances at a financial institution in San Diego, California. Our cash balance at this institution is secured by the Federal Deposit Insurance Corporation up to $250,000. As of September 30, 2016, cash totaled approximately $88,000, which consists of funds held in a non-interest bearing bank deposit account. The Company has not experienced any losses in such accounts. Management believes that the Company is not exposed to any significant credit risk with respect to its cash.
Customer Concentrations During the three months ended September 30, 2016, we had 2 major customers that each represented more than 10% of our revenues on an individual basis, or approximately 50% in the aggregate.
During the three months ended September 30, 2015, we had one major customer that represented approximately 59% of our revenues.
Suppliers/Vendor Concentrations We obtain a limited number of components and supplies included in our products from a small group of suppliers. During the three months ended September 30, 2016 we had three suppliers who accounted for more than 10% of our total inventory purchases on an individual basis or approximately 54% in the aggregate.
During the
three months ended September 30, 2015 we had two suppliers who accounted for more than 10% of our total inventory purchases on an individual basis or approximately 44% in the aggregate.
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