Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.20.1
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