| Concentrations |
NOTE 11 - CONCENTRATIONS
Customers:
No customer accounted for 10% or more of the
Company’s revenues during the nine months ended September 30, 2018 and 2017.
Suppliers:
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, 2018
and 2017.
| |
|
September 30, 2018 |
|
|
|
|
|
September 30, 2017 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cyngus Telecom |
|
$ |
385,944 |
|
|
|
11.1 |
% |
|
$ |
357,846 |
|
|
|
9.7 |
% |
| Globalstar Europe |
|
$ |
375,148 |
|
|
|
10.8 |
% |
|
$ |
489,026 |
|
|
|
13.3 |
% |
| Garmin |
|
$ |
479,717 |
|
|
|
13.8 |
% |
|
$ |
444,345 |
|
|
|
12.0 |
% |
| Network Innovations |
|
$ |
1,452,677 |
|
|
|
41.7 |
% |
|
$ |
1,468,253 |
|
|
|
39.8 |
% |
Geographic:
The following table sets forth revenue as to
each geographic location, for the three and nine months ended September 30, 2018 and 2017.
| |
|
Three Months
Ended
September 30, 2018
|
|
|
Three Months
Ended
September 30, 2017
|
|
|
Nine Months
Ended
September 30, 2018
|
|
|
Nine Months
Ended
September 30, 2017
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Europe |
|
$ |
956,187 |
|
|
|
68.9 |
% |
|
$ |
1,077,011 |
|
|
|
63.4 |
% |
|
$ |
3,155,339 |
|
|
|
67.8 |
% |
|
$ |
2,879,564 |
|
|
|
63.3 |
% |
| North America |
|
$ |
295,239 |
|
|
|
21.3 |
% |
|
$ |
468,700 |
|
|
|
29.5 |
% |
|
$ |
940,375 |
|
|
|
20.2 |
% |
|
$ |
1,175,554 |
|
|
|
25.9 |
% |
| South America |
|
$ |
58,296 |
|
|
|
4.2 |
% |
|
$ |
46,075 |
|
|
|
2.9 |
% |
|
$ |
307,229 |
|
|
|
6.6 |
% |
|
$ |
263,187 |
|
|
|
5.8 |
% |
| Arab States |
|
$ |
4,095 |
|
|
|
0.3 |
% |
|
$ |
2,511 |
|
|
|
0.2 |
% |
|
$ |
10,241 |
|
|
|
0.2 |
% |
|
$ |
17,701 |
|
|
|
0.4 |
% |
| Asia & Pacific |
|
$ |
61,643 |
|
|
|
4.4 |
% |
|
$ |
59,340 |
|
|
|
3.7 |
% |
|
$ |
197,013 |
|
|
|
4.2 |
% |
|
$ |
192,465 |
|
|
|
4.2 |
% |
| Africa |
|
$ |
11,467 |
|
|
|
0.8 |
% |
|
$ |
4,829 |
|
|
|
0.3 |
% |
|
$ |
44,311 |
|
|
|
1.0 |
% |
|
$ |
19,020 |
|
|
|
0.4 |
% |
| |
|
$ |
1,386,927 |
|
|
|
|
|
|
$ |
1,588,466 |
|
|
|
|
|
|
$ |
4,654,507 |
|
|
|
|
|
|
$ |
4,547,491 |
|
|
|
|
|
|