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Alias Born | 05/06/2009 |
Wednesday, April 18, 2018 9:26:49 AM
Significant Distributors
In 2017 and 2016, the majority of the Company’s revenues were from ONE (Indonesia- inferred) and three distributors, respectively. Revenue from these distributors totaled approximately $216,000 or 89% and approximately $534,000 or 73% of gross revenue for the year ended December 31, 2017 and 2016, respectively. Accounts receivable due from those distributors represents 43% of unreserved accounts receivable as of December 31, 2016. There were no amounts due from these distributors as of December 31, 2017.
Deferred Revenue
The Company defers payments received as revenue until earned based on the related contracts on a straight-line basis, over the terms of the contract. As of December 31, 2017 and 2016, the Company has received prepayments for devices and disposables and deferred revenue in the amount of $21,000 and $34,000, respectively.
So $216k from the Indonesia distributor with $21k of it deferred.
idleness is the only refugee of weak minds
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