Quarterly report pursuant to Section 13 or 15(d)

CUSTOMER CONCENTRATIONS

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CUSTOMER CONCENTRATIONS
6 Months Ended
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 Company’s 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.