Annual report pursuant to Section 13 and 15(d)

Significant Customers

v3.19.1
Significant Customers
12 Months Ended
Dec. 31, 2018
Risks and Uncertainties [Abstract]  
Significant Customers

Note 12 – Significant Customers

 

Revenue from continuing operations for Fiscal 2018 and 2017 was $13.1 million and $9.9 million, respectively. Three third-party contract manufacturing customers accounted for 45.7%, 31.1% and 10.9%, respectively, of our revenue from continuing operations for Fiscal 2018. Three third-party contract manufacturing customers accounted for 61.7%, 16.1% and 11.1%, respectively, of our revenues from continuing operations for Fiscal 2017. The loss of sales to any of these large third-party contract manufacturing customers could have a material adverse effect on our business operations and financial condition.

 

We are subject to account receivable credit concentrations from time-to-time as a consequence of the timing, payment pattern and ultimate purchase volumes or shipping schedules with our customers. These concentrations may impact our overall exposure to credit risk, either positively or negatively, in that our customers may be similarly affected by changes in economic, regulatory or other conditions that may impact the timing and collectability of amounts due to us. One customer represented 82% of our total trade receivable balances at December 31, 2018 and one customer represented 84% of our total trade receivable balances at December 31, 2017, respectively.