| SCHEDULE OF CONCENTRATION RISK |
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, 2022 and 2021.
SCHEDULE OF CONCENTRATION RISK
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September 30, 2022 |
|
|
|
|
|
September 30, 2021 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Satcom Global |
|
$ |
523,688 |
|
|
|
8.6 |
% |
|
$ |
824,339 |
|
|
|
18.0 |
% |
| Globalstar Europe |
|
$ |
396,222 |
|
|
|
6.5 |
% |
|
$ |
508,359 |
|
|
|
11.1 |
% |
| Garmin |
|
$ |
1,168,532 |
|
|
|
19.2 |
% |
|
$ |
728,797 |
|
|
|
16.0 |
% |
| Network Innovations |
|
$ |
718,597 |
|
|
|
11.8 |
% |
|
$ |
465,417 |
|
|
|
10.2 |
% |
| Cygnus Telecom |
|
$ |
1,213,163 |
|
|
|
19.9 |
% |
|
$ |
554,998 |
|
|
|
12.2 |
% |
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, 2022 and 2021.
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September 30, 2022 |
|
|
|
|
|
September 30, 2021 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Satcom Global |
|
$ |
131,239 |
|
|
|
8.0 |
% |
|
$ |
303,944 |
|
|
|
19.9 |
% |
| Globalstar Europe |
|
$ |
109,409 |
|
|
|
6.7 |
% |
|
$ |
215,289 |
|
|
|
14.1 |
% |
| Garmin |
|
$ |
281,028 |
|
|
|
17.1 |
% |
|
$ |
241,230 |
|
|
|
15.8 |
% |
| Network Innovations |
|
$ |
252,238 |
|
|
|
15.4 |
% |
|
$ |
191,658 |
|
|
|
12.5 |
% |
| Cygnus Telecom |
|
$ |
181,192 |
|
|
|
11.0 |
% |
|
$ |
165,889 |
|
|
|
10.8 |
% |
|
| SCHEDULE OF REVENUE FROM EACH GEOGRAPHIC LOCATION |
The
following table sets forth revenue as to each geographic location, for the nine months ended September 30, 2022 and 2021:
SCHEDULE OF REVENUE FROM EACH GEOGRAPHIC LOCATION
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September 30, 2022 |
|
|
|
|
|
September 30, 2021 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Europe |
|
$ |
7,019,811 |
|
|
|
77.3 |
% |
|
|
3,867,862 |
|
|
|
68.2 |
% |
| North America |
|
|
1,342,636 |
|
|
|
14.8 |
% |
|
|
1,243,754 |
|
|
|
21.9 |
% |
| South America |
|
|
32,578 |
|
|
|
0.4 |
% |
|
|
28,909 |
|
|
|
0.5 |
% |
| Asia & Pacific |
|
|
592,847 |
|
|
|
6.5 |
% |
|
|
472,841 |
|
|
|
8.3 |
% |
| Africa |
|
|
92,211 |
|
|
|
1.0 |
% |
|
|
54,600 |
|
|
|
1.0 |
% |
| Revenue |
|
$ |
9,080,083 |
|
|
|
|
|
|
|
5,667,966 |
|
|
|
|
|
The
following table sets forth revenue as to each geographic location, for the three months ended September 30, 2022 and 2021:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September 30, 2022 |
|
|
|
|
|
September 30, 2021 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Europe |
|
$ |
1,954,967 |
|
|
|
74.3 |
% |
|
$ |
1,469,172 |
|
|
|
65.3 |
% |
| North America |
|
|
442,678 |
|
|
|
16.8 |
% |
|
|
571,603 |
|
|
|
25.4 |
% |
| South America |
|
|
10,273 |
|
|
|
0.4 |
% |
|
|
13,035 |
|
|
|
0.6 |
% |
| Asia & Pacific |
|
|
195,307 |
|
|
|
7.4 |
% |
|
|
182,001 |
|
|
|
8.1 |
% |
| Africa |
|
|
27,601 |
|
|
|
1.0 |
% |
|
|
14,467 |
|
|
|
0.6 |
% |
| Revenue |
|
$ |
2,630,826 |
|
|
|
|
|
|
$ |
2,250,278 |
|
|
|
|
|
|