Annual report pursuant to Section 13 and 15(d)

Customer Concentration

Customer Concentration

12 Months Ended

Dec. 31, 2014

14. Customer Concentration

The Company's revenues were historically highly dependent on two customers: LinkedIn and the Apollo Group. The Company anticipates that the end of its reseller relationship with LinkedIn and the Apollo Group will materially and adversely affect the Company's business, operating results and financial condition. As discussed below, our agreement with LinkedIn terminated on March 29, 2014 and our agreement with the Apollo Group terminated on October 9, 2014.

The following table shows significant concentrations in our revenues and accounts receivable for the periods indicated.

	Percentage of Revenue During the Year Ended
	December 31,
	2014			2013
LinkedIn		4	%		50	%
Apollo		10	%		36	%

	Percentage of Accounts Receivable at
	December 31,
	2014			2013
Customer A		15	%		-	%
Customer B		12	%		-	%
LinkedIn		3	%		41	%
Apollo		1	%		19	%

- Definition

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.

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