Quarterly report pursuant to Section 13 or 15(d)

Concentration of Risk

v3.7.0.1
Concentration of Risk
6 Months Ended
Jun. 30, 2017
Concentration of Risk [Abstract]  
Concentration of Risk

Note 8 - Concentration of Risk

 

Cash and cash equivalents. We maintain deposits in banks in amounts that might exceed the federal deposit insurance available. Management believes the potential risk of loss on these cash and cash equivalents to be minimal. Cash balances as of June 30, 2017 and December 31, 2016, including foreign subsidiaries, without FDIC coverage were $3.3 million and $1.0 million.

 

Revenue. A significant portion of our revenue is derived from the Rich Dad brands. Revenue derived from the Rich Dad brands as a percentage of total revenue was 70.2% and 75.5% for the three months ended June 30, 2017 and 2016, and 72.3% and 74.7% for the six months ended June 30, 2017 and 2016. In addition, we have operations in the U.S., Canada, the United Kingdom and other foreign markets (see Note 9 — Segment Information).