Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.19.1
Concentrations
 3 Months Ended
Mar. 31, 2019
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 13 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for 36.2% and 29.2% of the Company’s revenues during the three months ended March 31, 2019 and 2018, 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, 2019 and 2018.

 

    March 31, 2019           March 31, 2018        
                         
Globalstar Europe   $ 140,736       13.5 %   $ 184,603       22.7 %
Garmin   $ 134,778       13.0 %   $ 166,877       20.5 %
Network Innovations   $ 309,450       29.8 %   $ 463,760       57.1 %
Cygnus Telecom   $ 127,917       12.3 %   $ 120,796       14.9 %
Satcom Global   $ 5,580       0.5 %   $ 66,913       8.2 %

 

Geographic:

 

The following table sets forth revenue as to each geographic location, for the three months ended March 31, 2019 and 2018:

 

    March 31, 2019           March 31, 2018        
                         
Europe   $ 998,854       77.0 %   $ 1,015,391       60.9 %
North America     189,466       14.6 %     483,579       29.0 %
South America     19,791       1.5 %     72,803       4.4 %
Asia & Pacific     77,949       6.0 %     71,425       4.3 %
Africa     11,312       0.9 %     24,739       1.5 %
    $ 1,298,371             $ 1,667,938