Anuvu Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Concentrations

Concentrations

12 Months Ended

Dec. 31, 2015

Concentrations of Credit and Business Risk

Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and cash equivalents and accounts receivable.

At December 31, 2015, 2014 and 2013, the Company's cash and cash equivalents were maintained primarily with major U.S. financial institutions and foreign banks. Deposits with these institutions at times exceed the federally insured limits, which potentially subjects the Company to concentration of credit risk. The Company has not experienced any losses related to these balances and believes that there is minimal risk.

A substantial portion of the Company's revenue is generated through arrangements with one airline customer. The Company may not be successful in renewing these agreements, or if they are renewed, they may not be on terms as favorable as current agreements. The percentage of revenue generated through the customer representing more than 10% of consolidated revenue is as follows:



	Year ended December 31,
	2015		2014		2013
Southwest Airlines as percentage of total revenue	23	%	24	%	22	%
Southwest Airlines as percentage of total Connectivity revenue	85	%	83	%	72	%

No other customer accounted for revenues greater than 10% for the 3 years presented.

Accounts Receivable balances from Southwest Airlines represented 6% of total accounts receivable at December 31, 2015 and 13% of total accounts receivable at December 31, 2014.