| 14. |
SIGNIFICANT CUSTOMERS |
The following table represents sales to individual customers exceeding 10% of the Company’s annual revenues:
| December 31, | December 31, | December 31, | ||||||||
| 2017 | 2016 | 2015 | ||||||||
| Customer A | $ | 2,934,404 | $ | 2,511,850 | $ | 8,555,088 | ||||
| Customer B | $ | 896,965 | $ | 2,107,426 | $ | 2,045,215 | ||||
| Customer C | $ | - | $ | - | $ | 3,196,253 | ||||
| Customer D | $ | - | $ | - | $ | 1,959,883 |
All Customers are major US and Canadian corporations who have displayed a pattern of consistent timely payment of accounts owing.
The Company is obligated to pay a 5% royalty from sales of their manway securement systems. During the year ended December 31, 2017, there were revenues from sales of the manway securement systems totalling $183,337 (2016 - $224,945).