Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS (Tables)

v3.21.2
CONCENTRATIONS (Tables)
9 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
SCHEDULE OF CONCENTRATION RISK PERCENTAGE
Concentration of Customers
 
For the three and nine months ended September 30, 2021 and 2020, respectively, the Company had the following concentrations of customers:
 
 
 
Percentage of
 
 
Percentage of
 
     
 
 
revenues for the
 
 
revenues for the
 
 
Percentage of accounts
 
 
 
Three Months Ended
 
 
Nine Months Ended
 
 
receivables as of
 
 
 
September 30,
 
 
September 30,
 
 
September 30,
 
 
December 31,
 
 
 
2021
 
 
2020
 
 
2021
 
 
2020
 
 
2021
 
 
2020
 
Customer 1     12 %     14 %     9 %     16 %     8 %     16 %
Customer 2     10 %     5 %     9 %     10 %     10 %     8 %
Customer 3     15 %     11 %     16 %     15 %     9 %     6 %
Customer 4     35 %     49 %     36 %     30 %     40 %     39 %
 
Concentration of Suppliers
 
For the three and nine months ended September 30, 2021 and 2020, respectively, the Company had the following concentrations of suppliers:
 
 
 
Percentage of
 
 
Percentage of
 
     
 
 
purchases for the
 
 
purchases for the
 
 
Percentage of accounts
 
 
 
Three Months Ended
 
 
Nine Months Ended
 
 
payable as of
 
 
 
September 30,
 
 
September 30,
 
 
September 30,
 
 
December 31,
 
 
 
2021
 
 
2020
 
 
2021
 
 
2020
 
 
2021
 
 
2020
 
Supplier 1     29 %     30 %     33 %     26 %     24 %     16 %
Supplier 2     28 %     13 %     21 %     19 %     22 %     14 %
Supplier 3     11 %     13 %     11 %     13 %     9 %     6 %
Supplier 4     0 %     12 %     0 %     17 %     0 %     18 %
Supplier 5     10 %     0 %     5 %     0 %     8 %     2 %
Supplier 6     4
%
  0 %     14 %     0 %     3 %     0 %
SCHEDULE OF GEOGRAPHICAL DISTRIBUTION OF REVENUE PERCENTAGE
Geographic Concentration
 
For the three and nine months ended September 30, 2021 and 2020, respectively, the Company had the following geographic concentrations:
 
   
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,
 
 
 
2021
 
 
2020
 
 
2021
 
 
2020
 
 
2021
 
 
2020
 
Australia     0 %     2 %     2 %     3 %     0 %     2 %
Canada     3 %     4 %     4 %     5 %     6 %     5 %
Europe     5 %     4 %     9 %     3 %     4 %     3 %
United States of America     80 %     85 %     78 %     80 %     78 %     82 %
Other     12 %     5 %     7 %     9 %     12 %     8 %