CUSTOMER CONCENTRATIONS |
6 Months Ended |
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Jun. 30, 2016 | |
Risks and Uncertainties [Abstract] | |
CUSTOMER CONCENTRATIONS |
NOTE 12 CUSTOMER CONCENTRATIONS
The Company had sales from operations to two customers for the three months ended June 30, 2015 that represented approximately 59% of our total sales and sales from operations to one customer for the six months ended June 30, 2016 and 2015 that represented approximately 32% and 41%, respectively, of our total sales. The concentration of the Companys business with a relatively small number of customers may expose us to a material adverse effect if one or more of these large customers were to experience financial difficulty or were to cease being customer for non-financial related issues. REGS, a wholly owned subsidiary, was notified that effective April 1, 2016 it would no longer be providing routine maintenance services to its largest customer but would still be eligible to provide other industrial cleaning services. |
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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