NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Concentrations

Concentrations

3 Months Ended

Mar. 31, 2020

Risks and Uncertainties [Abstract]

Concentrations

NOTE 15 - CONCENTRATIONS

Customers:

Amazon accounted for 56.6% and 36.2% of the Company’s revenues during the three months ended March 31, 2020 and 2019, 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, 2020 and 2019.

	March 31, 2020				March 31, 2019

Globalstar Europe	$	136,661	12.0	%	$	140,736	13.5	%
Garmin	$	131,266	11.4	%	$	134,778	13.0	%
Network Innovations	$	334,292	28.9	%	$	309,450	29.8	%
Cygnus Telecom	$	136,761	11.8	%	$	127,917	12.3	%

Geographic:

The following table sets forth revenue as to each geographic location, for the three months ended March 31, 2020 and 2019:

	March 31, 2020				March 31, 2019

Europe	$	999,191	68.1	%	$	998,854	77.0	%
North America		355,781	25.0	%		189,466	14.6	%
South America		11,127	0.8	%		19,791	1.5	%
Asia & Pacific		93,504	6.6	%		77,949	6.0	%
Africa		8,500	0.6	%		11,312	0.9	%
	$	1,468,103			$	1,298,371