Annual report pursuant to Section 13 and 15(d)

2. Summary of Significant Accounting Policies: Concentrations of Credit Risk (Policies)

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2. Summary of Significant Accounting Policies: Concentrations of Credit Risk (Policies)
12 Months Ended
Sep. 30, 2016
Policies  
Concentrations of Credit Risk

Concentrations of Credit Risk

The Company has cash in bank accounts that, at times, may exceed federally insured limits.  The Company has not experienced any losses with respect to its deposited cash.

 

In the normal course of business, the Company provides credit terms to its customers and requires no collateral.  The Company performs ongoing credit evaluations of its customers’ financial condition.  The Company maintains an allowance for doubtful accounts receivable based upon management’s specific review and assessment of each account at reporting period ends.

 

For fiscal year 2016, the Company had revenues from two significant customers which represented 64% of total revenues.  For fiscal year 2015, the Company had revenues from three significant customers which represented 69% of total revenues.  As of September 30, 2016 and 2015, accounts receivable from significant customers represented 66% of total accounts receivable.

 

For fiscal years 2016 and 2015, the Company purchased substantially all of its products and supplies from one vendor.