Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.20.2
Concentrations
 6 Months Ended
Jun. 30, 2020
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 15 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for 57.5% and 48.8% of the Company’s revenues during the six months ended June 30, 2020 and 2019, respectively. For the three months ended June 30, 2020 and 2019, Amazon accounted for 58.5% and 51.0% 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, 2020 and 2019.

 

    June 30, 2020           June 30, 2019        
                         
Globalstar Europe   $ 213,656       10.2 %   $ 326,409       14.8 %
Garmin   $ 277,725       13.2 %   $ 302,181       13.7 %
Network Innovations   $ 518,711       24.6 %   $ 647,442       29.4 %
Cygnus Telecom   $ 275,595       13.1 %   $ 277,034       12.6 %

 

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, 2020 and 2019.

 

    June 30, 2020           June 30, 2019        
                         
Globalstar Europe   $ 75,477       8.1 %   $ 121,123       10.4 %
Garmin   $ 118,115       12.7 %   $ 167,402       14.4 %
Network Innovations   $ 184,764       19.8 %   $ 337,992       29.0 %
Cygnus Telecom   $ 137,068       14.7 %   $ 149,118       12.3 %

 

Geographic:

 

The following table sets forth revenue as to each geographic location, for the six months ended June 30, 2020 and 2019:

 

    June 30, 2020           June 30, 2019        
                         
Europe   $ 1,700,813       63.3 %   $ 2,075,219       76.7 %
North America     748,354       27.8 %     350,981       13.0 %
South America     14,404       0.5 %     20,636       0.8 %
Asia & Pacific     198,680       7.4 %     230,005       8.4 %
Africa     26,106       1.0 %     30,539       1.1 %
    $ 2,688,357             $ 2,707,380          

 

The following table sets forth revenue as to each geographic location, for the three months ended June 30, 2020 and 2019:

 

    June 30, 2020           June 30, 2019        
                         
Europe   $ 708,873       58.1 %   $ 1,085,260       77.0 %
North America     385,408       31.6 %     147,548       10.5 %
South America     3,599       0.3 %     8,319       0.6 %
Asia & Pacific     104,877       8.6 %     145,597       10.3 %
Africa     17,497       1.4 %     22,286       1.6 %
    $ 1,220,254             $ 1,409,010