Quarterly report pursuant to Section 13 or 15(d)

Note 1 - Summary of Significant Accounting Policies: Concentrations (Policies)

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Note 1 - Summary of Significant Accounting Policies: Concentrations (Policies)
9 Months Ended
Sep. 30, 2018
Policies  
Concentrations

Concentrations - Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and accounts receivable. The Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The cash balance at times may exceed federally insured limits. Management believes the financial risk associated with these balances is minimal and has not experienced any losses to date.  At September 30, 2018 and December 31, 2017, the Company had cash balances in excess of FDIC insured limits of $2,029,987 and $169,751, respectively.

 

Significant customers are those which represent more than 10% of the Company’s revenue for each period presented, or the Company’s accounts receivable balance as of each respective balance sheet date. For each significant customer, revenue as a percentage of total revenue and accounts receivable as a percentage of total net accounts receivable are as follows:

 

 

 

Revenue

 

 

Accounts Receivable

 

 

 

Nine Months Ended September 30,

 

 

September 30,

 

Customers

  

2018

 

2017

 

 

2018

 

 

2017

 

Customer A

  

 

7

%

 

82

%

 

 

3

%

 

 

-

%

Customer B

 

 

77

%

 

-

%

 

 

35

%

 

 

-

%

Customer C

 

 

17

%

 

18

%

 

 

-

%

 

 

-

%

 

 

 

Revenue

 

 

 

Three Months Ended September 30,

 

Customers

  

2018

 

2017

 

Customer A

  

 

1

%

 

41

%

Customer B

 

 

70

%

 

-

%

Customer C

  

 

29

%

 

59

%

Customer D

 

 

-

%

 

-

%