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EXCEL - IDEA: XBRL DOCUMENT - Entia Biosciences, Inc.Financial_Report.xls
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v2.4.0.6
NOTE 11 - CONCENTRATIONS AND CREDIT RISK
9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
NOTE 11 - CONCENTRATIONS AND CREDIT RISK

NOTE 11 – CONCENTRATIONS AND CREDIT RISK

 

Customers and Credit Concentrations

 

For the three months ending September 30, 2012, approximately 46.0% of our net sales were to four customers compared to approximately 50.9% for the three months ending September 30, 2011 For the nine months ending September 30, 2012, 52.6% of our net sales were to four customers compared to 48.7% at September 30, 2011. As of September 30, 2012, accounts receivable for these customers accounted for approximately 68% of total accounts receivable as compared to 36% at December 31, 2011.

 

Vendor Concentrations

 

For the three months ending September 30, 2012, approximately 76.3% of our purchases were made from two vendors as compared to approximately 74.7% for the three months ending September 30, 2011. For the nine months ending September 30, 2012, 61.5% of our purchases were made from two vendors as compared to 71.3% for the nine months ending September 30, 2011.