KIDS » Topics » Concentration of Credit Risk

This excerpt taken from the KIDS 10-K filed Apr 2, 2007.

Concentration of Credit Risk

          The Company’s financial instruments that are exposed to concentration of credit risk are cash. Additionally, the Company maintains cash balances in bank deposit and money market accounts that, at times, may exceed federally insured limits.

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This excerpt taken from the KIDS 10-K filed Mar 30, 2006.

Concentration of Credit Risk

          The Company’s financial instruments that are exposed to concentration of credit risk are cash and cash equivalents. Additionally, the Company maintains cash balances in bank deposit and money market accounts that, at times, may exceed federally insured limits.

This excerpt taken from the KIDS 8-K filed Mar 29, 2006.

Concentration of Credit Risk

The Company places its temporary cash investments with financial institutions and limits the amount of credit exposure to any one financial institution. From time to time, the Company had cash in financial institutions in excess of federally insured limits. As of December 31, 2005 and 2004, the Company had cash in excess of FDIC limits of $387,859 and $39,307, respectively.

For the years ended December 31, 2005 and 2004, one supplier accounted for 13% and 0%, respectively, of the Company’s purchases, of which $13,739 and $0, respectively was included in accounts payable in the accompanying balance sheets.

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