Annual report pursuant to Section 13 and 15(d)

CONCENTRATIONS

v3.22.1
CONCENTRATIONS
 12 Months Ended
Dec. 31, 2021
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 18 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for 63.6% and 73.3% of the Company’s revenues during the years ended December 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 years ended December 31, 2021 and 2020.

 

    December 31, 2021     December 31, 2020  
                         
Network Innovations   $ 658,642       10.6 %   $ 912,056       17.5 %
Garmin   $ 1,102,230       17.7 %   $ 813,875       15.6 %
Globalstar Europe   $ 725,315       11.6 %   $ 540,463       10.3 %
SatCom Global   $ 973,652       15.6 %   $ 474,404       9.1 %
Cygnus Telecom   $ 800,008       12.8 %   $ 623,736       11.9 %

 

Geographic:

 

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

 

    Year Ended December 31, 2021           Year Ended December 31, 2020        
                         
Europe   $ 5,146,336       66.5 %   $ 3,658,612       64.3 %
North America     1,776,288       22.9 %     1,532,273       26.9 %
South America     37,139       0.5 %     34,915       0.6 %
Asia & Pacific     695,770       9.0 %     420,048       7.4 %
Africa     84,377       1.1 %     43,948       0.8 %
    $ 7,739,910             $ 5,689,796