Annual report pursuant to Section 13 and 15(d)

Concentrations

v3.19.1
Concentrations
 12 Months Ended
Dec. 31, 2018
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 14 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for 37.3% and 25.7% of the Company’s revenues during the years ended December 31, 2018 and 2017, respectively. No other customer accounted for 10% or more of the Company’s revenues for either period.

 

Suppliers:

 

The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s purchases for the years ended December 31, 2018 and 2017.

 

    December 31, 2018     December 31, 2017  
                         
Network Innovations   $ 2,002,733       42.8 %   $ 1,367,898       40.8 %
Garmin   $ 589,529       12.2 %   $ 340,786       10.2 %
Globalstar Europe   $ 610,933       12.7 %   $ 460,989       13.8 %
Cygnus Telecom   $ 457,871       9.5 %   $ 438,825       13.10 %

 

Geographic:

 

The following table sets forth revenue as to each geographic location, for the years ended December 31, 2018 and 2017:

 

    Year Ended December 31, 2018         Year Ended December 31, 2017    
                   
Europe   $ 3,841,332     67.1 %   $ 3,787,582     63.1 %
North America     1,282,494     22.4 %     1,529,209     25.5 %
South America     227,280     4.0 %     326,647     5.4 %
Asia & Pacific     317,699     5.5 %     328,633     5.5 %
Africa     58,096     1.0 %     32,884     0.5 %
    $ 5,726,901           $ 6,004,955