Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.20.2
Concentrations
 9 Months Ended
Sep. 30, 2020
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 15 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for 60.1% and 57.6% of the Company’s revenues during the nine months ended September 30, 2020 and 2019, respectively. For the three months ended September 30, 2020 and 2019, Amazon accounted for 64.9% and 63.6% 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, 2020 and 2019.

 

    September 30, 2020           September 30, 2019        
                         
Garmin   $ 376,741       11.8 %   $ 490,564       15.1 %
Network Innovations   $ 697,902       21.8 %   $ 1,032,647       31.8 %
Cygnus Telecom   $ 376,741       13.2 %   $ 402,455       12.4 %

 

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, 2020 and 2019.

 

    September 30, 2020           September 30, 2019        
                         
Garmin   $ 140,666       12.5 %   $ 188,383       18.1 %
Network Innovations   $ 167,300       14.9 %   $ 385,204       36.9 %
Cygnus Telecom   $ 141,364       12.6 %   $ 125,420       12.0 %
Satcom Global   $ 123,435       11.0 %   $ 38,943       1.2 %

 

Geographic:

 

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

 

    September 30, 2020           September 30, 2019        
                         
Europe   $ 2,749,781       66.0 %   $ 3,216,613       72.2 %
North America     1,035,904       24.9 %     816,699       18.3 %
South America     20,510       0.5 %     33,841       0.8 %
Asia & Pacific     279,247       6.7 %     312,848       7.0 %
Australia & Oceanic     42,594       1.0 %     35,912       0.8 %
Africa     35,714       0.9 %     37,994       0.9 %
    $ 4,163,750             $ 4,453,906          

 

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

 

    September 30, 2020           September 30, 2019        
                         
Europe   $ 1,044,503       70.8 %   $ 1,132,882       64.9 %
North America     290,065       19.7 %     479,463       27.5 %
South America     8,609       0.6 %     13,131       0.8 %
Asia & Pacific     101,244       6.9 %     100,380       5.7 %
Australia & Oceanic     21,655       1.5 %     12,141       0.7 %
Africa     9,317       0.6 %     8,528       0.5 %
    $ 1,475,393             $ 1,746,525