| 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 six
months ended June 30, 2022 and 2021.
SCHEDULE OF CONCENTRATION RISK
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2022 |
|
|
|
|
|
June 30, 2021 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Globalstar Europe |
|
$ |
212,488 |
|
|
|
4.2 |
% |
|
$ |
565,207 |
|
|
|
10.3 |
% |
| Garmin |
|
$ |
999,101 |
|
|
|
19.7 |
% |
|
$ |
1,051,557 |
|
|
|
19.2 |
% |
| Network Innovations |
|
$ |
521,142 |
|
|
|
10.3 |
% |
|
$ |
343,801 |
|
|
|
6.3 |
% |
| Cygnus Telecom |
|
$ |
1,195,597 |
|
|
|
23.6 |
% |
|
$ |
772,478 |
|
|
|
14.1 |
% |
| Satcom Global |
|
$ |
477,998 |
|
|
|
9.4 |
% |
|
$ |
851,314 |
|
|
|
15.5 |
% |
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 June 30, 2022 and 2021.
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2022 |
|
|
|
|
|
June 30, 2021 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Globalstar Europe |
|
$ |
119,687 |
|
|
|
5.7 |
% |
|
$ |
162,313 |
|
|
|
8.2 |
% |
| Garmin |
|
$ |
583,136 |
|
|
|
27.8 |
% |
|
$ |
304,638 |
|
|
|
15.5 |
% |
| Network Innovations |
|
$ |
200,626 |
|
|
|
9.6 |
% |
|
$ |
189,984 |
|
|
|
9.6 |
% |
| Cygnus Telecom |
|
$ |
254,683 |
|
|
|
12.2 |
% |
|
$ |
271,971 |
|
|
|
13.8 |
% |
| Satcom Global |
|
$ |
195,168 |
|
|
|
9.3 |
% |
|
$ |
349,046 |
|
|
|
17.7 |
% |
|
| SCHEDULE OF REVENUE FROM EACH GEOGRAPHIC LOCATION |
The
following table sets forth revenue as to each geographic location, for the six months ended June 30, 2022 and 2021:
SCHEDULE OF REVENUE FROM EACH GEOGRAPHIC LOCATION
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2022 |
|
|
|
|
|
June 30, 2021 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Europe |
|
$ |
5,064,843 |
|
|
|
78.5 |
% |
|
$ |
2,361,328 |
|
|
|
69.1 |
% |
| North America |
|
|
899,958 |
|
|
|
14.0 |
% |
|
|
709,797 |
|
|
|
20.8 |
% |
| South America |
|
|
22,306 |
|
|
|
0.3 |
% |
|
|
15,839 |
|
|
|
0.5 |
% |
| Asia & Pacific |
|
|
397,540 |
|
|
|
6.2 |
% |
|
|
290,582 |
|
|
|
8.5 |
% |
| Africa |
|
|
64,610 |
|
|
|
1.0 |
% |
|
|
40,142 |
|
|
|
1.2 |
% |
| Revenue |
|
$ |
6,449,257 |
|
|
|
|
|
|
$ |
3,417,688 |
|
|
|
|
|
The
following table sets forth revenue as to each geographic location, for the three months ended June 30, 2022 and 2021:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2022 |
|
|
|
|
|
June 30, 2021 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Europe |
|
$ |
2,165,445 |
|
|
|
75.4 |
% |
|
$ |
1,357,596 |
|
|
|
69.4 |
% |
| North America |
|
|
462,742 |
|
|
|
16.1 |
% |
|
|
395,832 |
|
|
|
20.2 |
% |
| South America |
|
|
10,533 |
|
|
|
0.4 |
% |
|
|
7,825 |
|
|
|
0.4 |
% |
| Asia & Pacific |
|
|
201,371 |
|
|
|
7.0 |
% |
|
|
182,985 |
|
|
|
9.4 |
% |
| Africa |
|
|
31,388 |
|
|
|
1.1 |
% |
|
|
12,022 |
|
|
|
0.6 |
% |
| Revenue |
|
$ |
2,871,479 |
|
|
|
|
|
|
$ |
1,956,260 |
|
|
|
|
|
|