Quarterly report pursuant to Section 13 or 15(d)

Concentrations (Tables)

v3.19.2
Concentrations (Tables)
6 Months Ended
Jun. 30, 2019
Risks and Uncertainties [Abstract]  
Schedule of Concentration Risk Percentage

Concentration of Customers

 

For the three and six months ended June 30, 2019 and 2018, respectively, the Company had the following concentrations of customers:

 

      Percentage of revenues for the     Percentage of revenues for the     Percentage of accounts receivables as of  
      Three Months Ended June 30,     Six Months Ended June 30,     June 30,     December 31,  
      2019     2018     2019     2018     2019     2018  
Customer 1       32 %     22 %     29 %     32 %     62 %     75 %
Customer 2       23 %     30 %     37 %     22 %     11 %     6 %
Customer 3       12 %     0 %     9 %     0 %     11 %     0 %
Customer 4       11 %     8 %     8 %     8 %     3 %     7 %
Customer 5       0 %     23 %     0 %     21 %     0 %     0 %

  

Concentration of Suppliers

 

For the three and six months ended June 30, 2019 and 2018, 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    

Six Months Ended

    payable as of  
    June 30,     June 30,     June 30,     December 31,  
    2019     2018     2019     2018     2019     2018  
Supplier 1     42 %     64 %     32 %     64 %     20 %     43 %
Supplier 2     16 %     9 %     16 %     8 %     31 %     17 %
Supplier 3     15 %     1 %     18 %     1 %     17 %     0 %
Supplier 4     11 %     18 %     12 %     19 %     14 %     38 %
Supplier 5     15 %     0 %     10 %     0 %     18 %     0 %
Supplier 6     1 %     8 %     12 %     8 %     0 %     0 %

Schedule of Geographical Distribution of Revenue Percentage

For the three and six months ended June 30, 2019 and 2018, respectively, the Company had the following geographic concentrations:

 

    Percentage of revenues for the     Percentage of revenues for the     Percentage of accounts receivables as of  
    Three Months Ended June 30,     Six Months Ended June 30,     June 30,     December 31,  
    2019     2018     2019     2018     2019     2018  
Australia     11 %     9 %     8 %     9 %     3 %     7 %
Belgium     3 %     1 %     2 %     0 %     3 %     1 %
Canada     3 %     3 %     2 %     3 %     1 %     4 %
Germany     1 %     0 %     1 %     0 %     0 %     0 %
Russia     0 %     2 %     1 %     1 %     0 %     6 %
South Korea     8 %     4 %     7 %     5 %     3 %     0 %
United Kingdom     12 %     5 %     9 %     4 %     11 %     0 %
United States of America     62 %     76 %     70 %     78 %     79 %     82 %