Quarterly report pursuant to Section 13 or 15(d)

Concentrations (Tables)

v3.20.2
Concentrations (Tables)
9 Months Ended
Sep. 30, 2020
Risks and Uncertainties [Abstract]  
Schedule of Concentration Risk Percentage

Concentration of Customers

 

For the three and nine months ended September 30, 2020 and 2019, respectively, the Company had the following concentrations of customers:

 

   

Percentage of revenues for the

Three Months Ended

   

Percentage of revenues for the

Nine Months Ended

    Percentage of accounts receivables as of  
    September 30,     September 30,     September 30,     December 31,  
    2020     2019     2020     2019     2020     2019  
Customer 1     14 %     17 %     16 %     21 %     14 %     7 %
Customer 2     5 %     20 %     10 %     33 %     3 %     16 %
Customer 3     11 %     14 %     15 %     6 %     4 %     21 %
Customer 4     49 %     0 %     30 %     0 %     56 %     0 %

 

Concentration of Suppliers

 

For the three and nine months ended September 30, 2020 and 2019, respectively, the Company had the following concentrations of suppliers:

 

    Percentage of purchases for the     Percentage of purchases for the     Percentage of accounts  
    Three Months Ended     Nine Months Ended     payable as of  
    September 30,     September 30,     September 30,     December 31,  
    2020     2019     2020     2019     2020     2019  
Supplier 1     30 %     19 %     26 %     17 %     20 %     16 %
Supplier 2     13 %     33 %     19 %     19 %     12 %     36 %
Supplier 3     13 %     15 %     13 %     17 %     8 %     11 %
Supplier 4     12 %     16 %     17 %     20 %     22 %     5 %
Supplier 5     4 %     11 %     5 %     10 %     2 %     2 %
Supplier 6     18 %     7 %     14 %     10 %     3 %     3 %
Schedule of Geographical Distribution of Revenue Percentage
    Percentage of revenues for the     Percentage of revenues for the     Percentage of accounts  
    Three Months Ended     Nine Months Ended     receivables as of  
    September 30,     September 30,     September 30,     December 31,  
    2020     2019     2020     2019     2020     2019  
Australia     2 %     10 %     3 %     9 %     1 %     7 %
Belgium     0 %     0 %     0 %     0 %     0 %     12 %
Canada     4 %     6 %     5 %     4 %     3 %     10 %
Germany     4 %     1 %     4 %     2 %     4 %     1 %
Russia     2 %     3 %     1 %     1 %     0 %     3 %
South Korea     0 %     7 %     4 %     7 %     0 %     5 %
United Kingdom     3 %     14 %     3 %     10 %     3 %     3 %
United States of America     85 %     59 %     80 %     67 %     89 %     59 %