|12 Months Ended|
Dec. 31, 2015
|Pro forma financial information|
For the year ended December 31, 2015, no single customer accounted for more than 10% of the Companys consolidated revenues or consolidated accounts receivable. For the year ended December 31, 2014, no single customer accounted for more than 10% of the Companys consolidated revenues, however one customer accounted for approximately 16% of the Companys consolidated accounts receivable at December 31, 2014.
The Companys operations are significantly influenced by economic factors and risks inherent in conducting business in foreign countries, including government regulations, currency restrictions and other factors that may significantly affect managements estimates and the Companys performance.
For the years ended December 31, 2015 and 2014, the Company generated approximate revenues from customers in the following countries:
Revenues by geographic area are based upon the location of the customers.
The Company maintains its cash balances in high credit quality financial institutions. The Companys cash balances may, at times, exceed the deposit insurance limits provided by the Federal Deposit Insurance Corp.
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.
Reference 1: http://www.xbrl.org/2003/role/presentationRef