| SCHEDULE OF CONCENTRATION RISK |
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.
SCHEDULE OF CONCENTRATION RISK
| |
|
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 |
% |
|
| SCHEDULE OF REVENUE FROM EACH GEOGRAPHIC LOCATION |
The
following table sets forth revenue as to each geographic location, for the nine months ended September 30, 2021 and 2020:
SCHEDULE OF REVENUE FROM EACH GEOGRAPHIC LOCATION
| |
|
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 |
|
|
|
|
|
|