Annual report pursuant to Section 13 and 15(d)

Concentrations

v3.20.1
Concentrations
 12 Months Ended
Dec. 31, 2019
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 16 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for 56.9% and 37.3% of the Company’s revenues during the years ended December 31, 2019 and 2018, 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, 2019 and 2018.

 

    December 31, 2019     December 31, 2018  
                           
Network Innovations   $ 1,431,075       30.1 %   $ 2,002,733       42.8 %
Garmin   $ 647,360       13.6 %   $ 589,529       12.2 %
Globalstar Europe   $ 568,006       12.0 %   $ 610,933       12.7 %
Cygnus Telecom   $ 525,231       11.1 %   $ 457,871       9.5 %

 

Geographic:

 

The following table sets forth revenue as to each geographic location, for the years ended December 31, 2019 and 2018:

 

    Year Ended December 31, 2019           Year Ended December 31, 2018        
                         
Europe   $ 4,152,218       70.7 %   $ 3,841,332       67.1 %
North America     1,162,869       19.8 %     1,282,494       22.4 %
South America     42,212       0.7 %     227,280       4.0 %
Asia & Pacific     414,725       7.1 %     317,699       5.5 %
Africa     46,783       0.8 %     58,096       1.0 %
    $ 5,869,558             $ 5,726,901