NextPlat Corp General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Concentrations

Concentrations

12 Months Ended

Dec. 31, 2020

Risks and Uncertainties [Abstract]

Concentrations

NOTE 17 - CONCENTRATIONS

Customers:

Amazon accounted for 73.3% and 56.9% of the Company’s revenues during the years ended December 31, 2020 and 2019, 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, 2020 and 2019.

	December 31, 2020				December 31, 2019

Network Innovations	$	912,056	17.5	%	$	1,431,075	30.1	%
Garmin	$	813,875	15.6	%	$	647,360	13.6	%
Globalstar Europe	$	540,463	10.3	%	$	568,006	12.0	%
Cygnus Telecom	$	623,736	11.9	%	$	525,231	11.1	%

Geographic:

The following table sets forth revenue as to each geographic location, for the years ended December 31, 2020 and 2019:

	Year Ended December 31, 2020				Year Ended December 31, 2019

Europe	$	3,658,612	64.3	%	$	4,152,218	70.7	%
North America		1,532,273	26.9	%		1,162,869	19.8	%
South America		34,915	0.6	%		42,212	0.7	%
Asia & Pacific		363,838	6.4	%		414,725	7.1	%
Africa		43,948	0.8	%		46,783	0.8	%
Australia & Oceania		56,210	1.0	%		50,751	0.9	%
	$	5,689,796			$	5,869,558