Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

v3.22.1
CONCENTRATIONS
3 Months Ended
Mar. 31, 2022
CONCENTRATIONS  
CONCENTRATIONS

NOTE 7 – CONCENTRATIONS

Customer Concentrations

The following table sets forth information as to each customer that accounted for 10% or more of the Company’s net revenues for the following periods:

    

For the Three Months Ended

    

March 31, 

Customer

    

2022

    

2021

    

Customer A

 

42.02

%  

102.40

%

Customer B

43.25

%

N/A

Total

 

85.27

%  

102.40

%

* Less than 10%.

From time to time, certain customers generate negative net revenues that resulted from Supplier Costs that exceeded the Gross Billing. As a result, the Company’s concentrations on net revenues may result in total percentages that exceed 100%.

The following table sets forth information as to each customer that accounted for 10% or more of the Company’s gross accounts receivable as of:

    

March 31, 

    

December 31, 

 

Customer

2022

2021

 

Customer A

 

15.98

%  

22.08

%  

Customer B

23.13

%  

*

Customer E

19.04

%

*

Customer F

27.99

%

52.18

%

Total

 

86.13

%  

74.26

%

A reduction in sales from or loss of these customers would have a material adverse effect on the Company’s results of operations and financial condition.

Supplier Concentrations

The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s Supplier Costs for the following periods:

    

For the Three Months Ended

    

March 31, 

Supplier

    

2022

    

2021

    

Supplier A

 

18.77

%

*

Supplier B

 

*

18.10

%  

Supplier C

 

23.84

%

N/A

Supplier D

 

17.56

%

N/A

Supplier E

N/A

16.2

%

Supplier F

*

15.0

%

Supplier G

14.40

%

N/A

Total

 

74.56

%  

49.30

%  

* Less than 10%.