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, 2020

CONCENTRATIONS

CONCENTRATIONS

NOTE 10 — 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	2020		2019
Customer A	N/A		74.50	%
Customer F	18.24	%	N/A
Customer G	26.43	%	*
Customer H	51.40	%	N/A
Customer I	*		10.06	%
Total	96.07	%	84.56	%

*Less than 10%.

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:


	As of
	December 31,
Customer	2020		2019
Customer D	N/A		13.73	%
Customer E	N/A		12.23	%
Customer H	89.02	%	N/A
Total	89.02	%	25.96	%

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. Subsequent to December 31, 2020, the Company collected 100% of the outstanding accounts receivable from Customer H in the amount of approximately $1,224,000.

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	2020		2019
Supplier B	15.51	%	N/A
Supplier C	N/A		81.09	%
Supplier D	16.32	%	*
Supplier E	*		N/A
Total	31.83	%	81.09	%