Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

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CONCENTRATIONS
3 Months Ended
Mar. 31, 2015
Notes to Financial Statements  
Note 17 - CONCENTRATIONS

Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash, cash equivalents and trade receivables. The Company places its cash and temporary cash investments with high credit quality institutions. At times, such investments may be in excess of the FDIC insurance limit.

 

The Company’s revenues earned from sale of products and services for the three months ended March 31, 2015 included 38%, 15% and 18% (aggregate of 71%) from three customers of the Company’s total revenues.

 

The Company’s revenues earned from sale of products and services for the three months ended March 31, 2014 included an aggregate of 85% from one customer of the Company’s total revenues.

 

Two customers accounted for 61% and 18% of the Company’s total accounts receivable at March 31, 2015 and three customers accounted for 65%, 16% and 10% of the Company’s total accounts receivable at December 31, 2014.

 

The Company relies on Trinity Rx as its sole supplier of its Naltrexone implant.