Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.23.1
Concentrations
 3 Months Ended
Mar. 31, 2023
Risks and Uncertainties [Abstract]  
Concentrations

Note 17. Concentrations

 

Customers:

 

Sales to customers through Amazon accounted for 57.2% and 45.9% of the Company’s revenues during the three months ended March 31, 2023 and 2022, 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, 2023 and 2022 (unaudited).

 

    March 31,
2023		           March 31,
2022		        
                         
Iridium Satellite   $ 527,681       18.6 %   $ -       - %
Garmin   $ 594,441       20.9 %   $ 415,965       14 %
Network Innovations   $ 334,184       11.8 %   $ 320,516       10.8 %
Cygnus Telecom   $ 308,668       10.9 %   $ 940,914       31.7 %

 

Geographic:

 

The following table sets forth revenue as to each geographic location, for the three months ended March 31, 2023 and 2022 (unaudited):

 

    March 31,
2023		           March 31,
2022		        
                         
Europe   $ 2,063,354       71.7 %   $ 2,899,398       81.00 %
North America     585,796       20.4 %   437,216       12.20 %
South America   9,274       0.3 %   11,773       0.30 %
Asia & Pacific   158,500       5.5 %   196,169       5.50 %
Africa   59,229       2.1 %   33,222       1.00 %
Revenue   $ 2,876,153             $ 3,577,778