Note 24. Concentrations

e-Commerce Operations concentrations:

Customers:

Amazon accounted for 32.8% and 51.6% of the Company’s revenues during the years ended December 31, 2024 and 2023, 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, 2024 and 2023 (in thousands):

Geographic:

The following table sets forth revenue as to each geographic location, for the years ended December 31, 2024 and 2023 (in thousands):

Healthcare Operations concentrations:

Suppliers:

Progressive Care had significant concentrations with one vendor. The purchases from this significant vendor were approximately 98.0% of total vendor purchases for the year ended December 31, 2024.

Customers:

Progressive Care’s trade receivables are primarily from prescription medications billed to various insurance providers. Ultimately, the insured is responsible for payment should the insurance company not reimburse Progressive Care.

Progressive Care generated reimbursements from three significant PBMs for the year ended December 31, 2024: