Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.19.3
Concentrations
 9 Months Ended
Sep. 30, 2019
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 14 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for 57.6% and 42.7% of the Company’s revenues during the nine months ended September 30, 2019 and 2018, respectively. For the three months ended September 30, 2019 and 2018, Amazon accounted for 63.6% and 50.7% 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 nine months ended September 30, 2019 and 2018.

 

    September 30, 2019           September 30, 2018        
                         
Globalstar Europe   $ 435,741       13.4 %   $ 375,148       10.8 %
Garmin   $ 490,564       15.1 %   $ 479,717       13.8 %
Network Innovations   $ 1,032,647       31.8 %   $ 1,452,677       41.7 %
Cygnus Telecom   $ 402,455       12.4 %   $ 385,944       11.1 %

 

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 September 30, 2019 and 2018.

 

    September 30, 2019           September 30, 2018        
                         
Globalstar Europe   $ 133,104       12.8 %   $ 103,899       7.3 %
Garmin   $ 188,383       18.1 %   $ 162,225       11.3 %
Network Innovations   $ 385,204       36.9 %   $ 789,639       55.2 %
Cygnus Telecom   $ 125,420       12.0 %   $ 157,382       11.0 %

 

Geographic:

 

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

 

    September 30, 2019           September 30, 2018        
                         
Europe   $ 3,216,613       72.2 %   $ 3,143,416       67.5 %
North America     816,699       18.3 %     1,074,032       23.1 %
South America     33,841       0.8 %     149,228       3.2 %
Asia     312,848       7.0 %     195,175       4.2 %
Australia & Oceanic     35,912       0.8 %     46,738       1.0 %
Africa     37,994       0.9 %     45,918       1.0 %
    $ 4,453,906             $ 4,654,507          

 

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

 

    September 30, 2019           September 30, 2018        
                         
Europe   $ 1,132,882       64.9 %   $ 950,294       68.5 %
North America     479,463       27.5 %     316,545       22.8 %
South America     13,131       0.8 %     32,641       2.4 %
Asia     100,380       5.7 %     61,962       4.5 %
Australia & Oceanic     12,141       0.7 %     14,203       1.0 %
Africa     8,528       0.5 %     11,282       0.8 %
    $ 1,746,525             $ 1,386,927