Kubient, Inc. 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, 2022

CONCENTRATIONS

CONCENTRATIONS

NOTE 12 — 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 Years Ended
	December 31,
Customer	2022		2021
Customer A	21.77	%	85.77	%
Customer B	N/A		11.56	%
Customer C	27.59	%	N/A
Customer D	17.23	%	N/A
Customer E	13.76	%	N/A
Total	80.35	%	97.33	%

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:


	December 31,
Customer	2022		2021
Customer A	N/A		22.08	%
Customer B	N/A		52.18	%
Customer C	11.72	%	*
Customer D	10.25	%	N/A
Customer E	10.57	%	*
Customer F	35.64	%	*
Total	68.18	%	74.26	%

* Less than 10%.

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 Years Ended
	December 31,
Supplier	2022		2021
Supplier A	*		42.36	%
Supplier B	10.60	%	*
Supplier C	23.47	%	N/A
Total	34.07	%	42.36	%

*	Less than 10%.