Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.19.2
Concentrations
 6 Months Ended
Jun. 30, 2019
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 14 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for 48.8% and 39.3% of the Company’s revenues during the six months ended June 30, 2019 and 2018, respectively. For the three months ended June 30, 2019 and 2018, Amazon accounted for 51.0% and 50.2% of the Company’s revenues. 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 six months ended June 30, 2019 and 2018.

 

    June 30, 2019           June 30, 2018        
                         
Globalstar Europe   $ 326,409       14.8 %   $ 271,250       11.7 %
Garmin   $ 302,181       13.7 %   $ 317,492       13.7 %
Network Innovations   $ 647,442       29.4 %   $ 922,218       39.8 %
Cygnus Telecom   $ 277,034       12.6 %   $ 228,562       9.7 %

 

The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s purchases for the three months ended June 30, 2019 and 2018.

 

    June 30, 2019       June 30, 2018    
                 
Globalstar Europe   $ 121,123       10.4 %   $ 86,646       7.7 %
Garmin   $ 167,402       14.4 %   $ 150,615       13.3 %
Network Innovations   $ 337,992       29.0 %   $ 458,387       40.6 %
Cygnus Telecom   $ 149,118       12.3 %   $ 107,766       9.5 %

 

Geographic:

 

The following table sets forth revenue as to each geographic location, for the six months ended June 30, 2019 and 2018:

 

    June 30, 2019           June 30, 2018        
                         
Europe   $ 2,075,219       76.7 %   $ 2,172,447       66.5 %
North America     350,981       13.0 %     780,064       23.9 %
South America     20,636       0.8 %     114,944       3.5 %
Asia     204,732       7.5 %     130,190       4.0 %
Australia & Oceanic     25,273       0.9 %     35,101       1.1 %
Africa     30,539       1.1 %     34,134       1.0 %
    $ 2,707,380             $ 3,267,580          

 

The following table sets forth revenue as to each geographic location, for the three months ended June 30, 2019 and 2018:

 

    June 30, 2019       June 30, 2018    
                 
Europe   $ 1,085,260       77.0 %   $ 1,155,603       72.2 %
North America     147,548       10.5 %     298,738       18.7 %
South America     8,319       0.6 %     49,465       3.1 %
Asia     135,185       9.6 %     70,552       4.4 %
Australia & Oceanic     10,412       0.7 %     15,128       1.0 %
Africa     22,286       1.6 %     10,157       0.6 %
    $ 1,409,010             $ 1,599,642