Kubient, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

CONCENTRATIONS

3 Months Ended

Mar. 31, 2021

CONCENTRATIONS

CONCENTRATIONS

NOTE 6 – 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	2021		2020
Customer A	102.4	%	N/A
Customer B	N/A		55.7	%
Customer C	N/A		38.4	%
Total	102.4	%	94.1	%

* Less than 10%.

From time to time, certain customers generate negative net revenues that resulted from Supplier Costs that exceeded the Gross Billings. 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	2021		2020
Customer A	83.43	%	89.02	%
Total	83.43	%	89.02	%

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	2021		2020
Supplier A	N/A		20.0	%
Supplier B	18.1	%	13.7	%
Supplier C	N/A		12.9	%
Supplier D	N/A		10.3	%
Supplier E	16.2	%	N/A
Supplier F	15.0	%	N/A
Total	49.3	%	56.9	%