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I J .r, <br />DICKERSON FLORIDA, INC. <br />(A Wholly-owned Subsidiary of The Dickerson Group,Inc.). <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2019 and 201.8 <br />{8) Risks and Uncertainties. (continued) <br />and the awarding and funding of specific projects by various <br />government entities. However, the Company's management believes <br />that its business model and strategies have been and will <br />continue to be successful during the economic climate relating to <br />highway construction. <br />{9) Major Customers <br />During the year ended December 31, 2019, the Company had sales to <br />certain customers which individually accounted for more than 10% <br />of the Company's total annual sales. The Company had sales to <br />five customers totaling $19,650,515 in 2019. The accounts <br />receivable balance due from these customers as of December 31, <br />2019 was $1,940,990. <br />(10) Variable Interest Entity <br />In accordance with Financial Accounting Standards Board. <br />Interpretation No. 46R, the Company has determined that it has a <br />variable interest in, and is the primary beneficiary of, The <br />Dickinson Group Inc. However, due to various external reporting <br />requirements, the Company has elected not to consolidate this <br />entity with the Company's financial statements presented herein. <br />(11y Supplemental Cash Flow Information <br />Cash paid for interest <br />(19) <br />2019 <br />$ 73,14'7 <br />2018 <br />13.5 , 531 <br />