Annual report pursuant to Section 13 and 15(d)

15. CONCENTRATIONS

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15. CONCENTRATIONS
12 Months Ended
Dec. 31, 2018
Concentration Risks, Types, No Concentration Percentage [Abstract]  
15. CONCENTRATIONS

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and accounts receivable. At December 31, 2018, three customers accounted for approximately 95% of the Company’s consolidated accounts receivable. At December 31, 2017, two customers accounted for 79% of the Company’s total accounts receivable.

 

For the year ended December 31, 2018, BPC represented 56% of the Company’s consolidated revenues, and two other customers totaled 31% of the Company’s consolidated revenues. For the year ended December 31, 2017, BPC represented 47% of the Company’s consolidated revenues, and another customer represented 31% of the Company’s consolidated revenues.