FRPT » Topics » NOTE 3 - CONCENTRATIONS: Revenues and Accounts Receivable

This excerpt taken from the FRPT 10-Q filed Nov 13, 2007.

NOTE 3 — CONCENTRATIONS:  Revenues and Accounts Receivable

 

The Company’s future operations and continued expansion is subject to a significant concentration risk due to its high percentage of military sales to the U.S. government.

 

The Company’s revenues from sales to military units of the U.S. government during the three months ended September 30, 2007 and September 30, 2006 accounted for 98% and 92%, respectively, of total revenues.  During the nine months ended September 30, 2007 and September 30, 2006, the Company’s revenues from sales to military units of the U.S. government accounted for 97% and 92%, respectively, of total revenues.

 

The Company’s accounts receivable from sales to military units of the U.S. government as of September 30, 2007 and December 31, 2006 amounted to 94% and 95%, respectively, of total accounts receivable.

 

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