United Health Products Inc (UEEC)

[rodman]

Hard to watch 10Q states revenue of $9048. for 9/30/2018
Not very impressive?

https://www.sec.gov/Archives/edgar/data/1096938/000147793218005684/ueec_10q.htm

SG&A tripled so someone is working!


Trade Accounts Receivable and Concentration Risk

There was $100,000 and $0 of provision for doubtful accounts recorded at September 30, 2018 and December 31, 2017, respectively. The Company recorded $100,000 and $20,226 in bad debt expenses for the nine months ended September 30, 2018 and for the year ended December 31, 2017, respectively.

For the nine months ended September 30, 2018, one customer made up approximately 99% of the Company’s outstanding accounts receivable balance. For the nine months ended September 30, 2018, three customers accounted for 48%, 29% and 12% of the Company’s net revenue, respectively.