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

Concentrations

v3.21.1
Concentrations
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Risks and Uncertainties [Abstract]    
Concentrations

NOTE 15 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for 53.6% and 56.6% of the Company’s revenues during the three months ended March 31, 2021 and 2020, 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 three months ended March 31, 2021 and 2020.

 

    March 31, 2021           March 31, 2020        
                         
Globalstar Europe   $ 140,829       10.1 %   $ 136,661       12.0 %
Garmin   $ 236,243       16.9 %   $ 131,266       11.4 %
Network Innovations   $ 129,931       9.3 %   $ 334,292       28.9 %
Cygnus Telecom   $ 132,519       9.5 %   $ 136,761       11.8 %
Satcom Global   $ 239,805       17.2 %   $ 61,674       5.3 %

 

Geographic:

 

The following table sets forth revenue as to each geographic location, for the three months ended March 31, 2021 and 2020:

 

    March 31, 2021           March 31, 2020        
                         
Europe   $ 1,012,258       69.3 %   $ 999,191       68.1 %
North America     308,072       21.1 %     355,781       25.0 %
South America     7,718       0.5 %     11,127       0.8 %
Asia & Pacific     105,932       7.3 %     93,504       6.6 %
Africa     27,448       1.9 %     8,500       0.6 %
    $ 1,461,428             $ 1,468,103          

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