Quarterly report pursuant to Section 13 or 15(d)

Concentrations (Tables)

v3.20.1
Concentrations (Tables)
3 Months Ended
Mar. 31, 2020
Risks and Uncertainties [Abstract]  
Schedule of Concentration Risk Percentage

Concentration of Customers

 

For the three months ended March 31, 2020 and 2019, respectively, the Company had the following concentrations of customers:

 

    Percentage of
Revenues for the
Three Months Ended
    Percentage of accounts receivables as of  
    March 31,     March 31,  
    2020     2019     2020     2019  
Customer 1     26 %     -       9 %     - %
Customer 2     21 %     22 %     36 %     44 %
Customer 3     18 %     51 %     17 %     36 %

 

Concentration of Suppliers

 

For the three months ended March 31, 2020 and 2019, respectively, the Company had the following concentrations of suppliers:

 

    Percentage of
purchases for the
Three Months Ended
    Percentage of
accounts payable as of
 
    March 31,     March 31,  
    2020     2019     2020     2019  
Supplier 1     11 %     17 %     6 %     9 %
Supplier 2     8 %     -       5 %     4 %
Supplier 3     19 %     -       14 %     7 %
Supplier 4     15 %     22 %     6 %     8 %
Supplier 5     26 %     -       29 %     36 %
Supplier 6     6 %     14 %     2 %     7 %

Schedule of Geographical Distribution of Revenue Percentage

For the three months ended March 31, 2020 and 2019, respectively, the Company had the following geographic concentrations:

 

   

Share of revenues for the

Three Months Ended

   

Share of accounts

receivables as of

 
    March 31,     March 31,  
    2020     2019     2020     2019  
Australia     3 %     6 %     3.97 %     0.82 %
Other     14 %     10 %     10.79 %     2.84 %
UK     7 %     6 %     4.88 %     0.87 %
USA     76 %     78 %     80.36 %     95.47 %