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v2.3.0.11
FINANCIAL INSTRUMENTS AND CONCENTRATION OF RISK
3 Months Ended
Jun. 30, 2011
Financial Instruments and Concentration Of Risk [Abstract]  
Financial Instruments and Concentration Of Risk [Text Block]
2
FINANCIAL INSTRUMENTS AND CONCENTRATION OF RISK

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and trade receivables. The cash resources of the Company are invested with money market funds and banks after an evaluation of the credit risk. By their nature, all such financial instruments involve risk including the credit risk of non-performance by counter parties. In management’s opinion, as of June 30, 2011 and 2010 there was no significant risk of loss in the event of non-performance of the counter parties to these financial instruments.

The customers of the Company are primarily enterprises based in the United States and accordingly, trade receivables are concentrated in the United States. To reduce credit risk, the Company performs ongoing credit evaluation of customers. For the periods ended June 30, 2011 and 2010, two customers, having 32% and 12% shares, respectively, in total revenue in the quarter ended June 30, 2011 and four customers having 20%, 14%, 12% and 12% shares, respectively, in total revenue in the quarter ended June 30, 2010 accounted for more than 10% of total revenue individually. As of June 30, 2011 and 2010, two customers having 32 % and 24% shares, respectively, in total trade receivables as of June 30, 2011 and four customers having 28%, 21%, 14% and 11% shares, respectively, in total trade receivables as of June 30, 2010, individually accounted for more than 10% of the Company’s total trade receivables. For the three month periods, ended June 30, 2011 and 2010, four products collectively accounted for approximately 80% of net revenue of the 2011 period and four products collectively accounted for approximately 86% of net revenue of the 2010 period.  A relatively small group of products, the raw materials for which are supplied by a limited number of vendors, represent a significant portion of net revenues. The maximum amount of loss due to credit risk that the Company would incur should the customer fail to perform is the amount of the outstanding receivable. The Company does not believe other significant concentrations of credit risk exist.