CUSTOMER CONCENTRATIONS |
9 Months Ended | |||
|---|---|---|---|---|
Sep. 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 September 30, 2016 and 2015 that represented approximately 38% and 49%, respectively of our total sales and sales from operations to one customer for the nine months ended September 30, 2016 that represented approximately 22% and sales from operations to two customers for the nine months ended September 30, 2015 that represented approximately 49%, 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. The projected loss of revenue from this customer is estimated to be between $2.5 and $3 million annually. |