WebSafety, Inc. - FORM 10-Q/A - XML - IDEA: XBRL DOCUMENT - December 20, 2011

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EXCEL - IDEA: XBRL DOCUMENT - WebSafety, Inc.Financial_Report.xls
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Concentration of Credit Risk
 3 Months Ended
Jun. 30, 2011
Risks and Uncertainties  
Concentration Risk Disclosure [Text Block]

Note 3. Concentration of Credit Risk



For the quarters ended June 30, 2011 and 2010 the Company had only $20,895 and $76,712 in revenues, respectively.  A concentration of credit risk exists due to the fact that the Company has a limited number of both customers and vendors.  If a number of customers or vendors decided to take their business elsewhere, the Company’s losses could increase significantly.  As of June 30, 2011, no credit has been extended to “on account” customers.  Because all sales have been booked via credit card, management does not deem it necessary to record a receivable allowance at June 30, 2011.

 

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