Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

v3.21.2
CONCENTRATIONS
 9 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 15 - CONCENTRATIONS

 

Customers:

 

Amazon accounted for approximately 64.0% and 60.1% of the Company’s revenues during the nine months ended September 30, 2021 and 2020, respectively. For the three months ended September 30, 2021 and 2020, Amazon accounted for approximately 64.8% and 64.9%, respectively of the Company’s revenue. 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 nine months ended September 30, 2021 and 2020.

 

    September 30, 2021           September 30, 2020        
                         
Satcom Global   $ 824,339       18.0 %   $ 270,641       8.4 %
Globalstar Europe   $ 508,359       11.1 %   $ 304,751       9.5 %
Garmin   $ 728,797       16.0 %   $ 376,741       11.8 %
Network Innovations   $ 465,417       10.2 %   $ 697,902       21.8 %
Cygnus Telecom   $ 554,998       12.2 %   $ 376,741       13.2 %

 

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, 2021 and 2020.

 

    September 30, 2021           September 30, 2020        
                         
Satcom Global   $ 303,944       19.9 %   $ 123,435       11.0 %
Globalstar Europe   $ 215,289       14.1 %   $ 109,495       9.7 %
Garmin   $ 241,230       15.8 %   $ 140,666       12.5 %
Network Innovations   $ 191,658       12.5 %   $ 167,300       14.9 %
Cygnus Telecom   $ 165,889       10.8 %   $ 141,364       12.6 %

 

Geographic:

 

The following table sets forth revenue as to each geographic location, for the nine months ended September 30, 2021 and 2020:

    September 30, 2021           September 30, 2020        
                         
Europe   $ 3,867,862       68.2 %   $ 2,749,781       66.0 %
North America     1,243,754       21.9 %     1,035,904       24.9 %
South America     28,909       0.5 %     20,510       0.5 %
Asia & Pacific     472,841       8.3 %     321,841       7.7 %
Africa     54,600       1.0 %     35,714       0.9 %
    $ 5,667,966             $ 4,163,750          

 

 

The following table sets forth revenue as to each geographic location, for the three months ended September 30, 2021 and 2020:

 

    September 30, 2021           September 30, 2020        
                         
Europe   $ 1,469,172       65.3 %   $ 1,044,503       70.8 %
North America     571,603       25.4 %     290,065       19.7 %
South America     13,035       0.6 %     8,609       0.6 %
Asia & Pacific     182,001       8.1 %     122,899       8.4 %
Africa     14,467       0.6 %     9,317       0.6 %
    $ 2,250,278             $ 1,475,393