Annual report pursuant to Section 13 and 15(d)

Concentrations

v3.20.1
Concentrations
12 Months Ended
Dec. 31, 2019
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 18 - CONCENTRATIONS

 

Customers

 

The following table sets forth information as to each customer that accounted for 10% or more of the Company's revenues for the years ended December 31, 2019 and 2018.

 

    Years Ended
December 31,
 
Customer   2019     2018  
A (Beijing Daopei, a related party)     *       17 %
B (Hebei Daopei, a related party)     19 %     *  
C     26 %     21 %
D     14 %     14 %
E     11 %     11 %

 

* Less than 10%

 

Two customers, whose outstanding receivable accounted for 10% or more of the Company's total outstanding accounts receivable and accounts receivable – related party and straight-line rent receivable at December 31, 2019, accounted for 93.0% of the Company's total outstanding accounts receivable and accounts receivable – related party and straight-line rent receivable at December 31, 2019.

 

Two customers, whose outstanding receivable accounted for 10% or more of the Company's total outstanding accounts receivable and accounts receivable – related party and straight-line rent receivable at December 31, 2018, accounted for 56.0% of the Company's total outstanding accounts receivable and accounts receivable – related party and straight-line rent receivable at December 31, 2018.

 

Suppliers

 

No supplier accounted for 10% or more of the Company's purchase during the years ended December 31, 2019 and 2018.

 

One supplier, whose outstanding payable accounted for 10% or more of the Company's total outstanding accounts payable at December 31, 2019, accounted for 90.8% of the Company's total outstanding accounts payable at December 31, 2019.

 

One supplier, whose outstanding payable accounted for 10% or more of the Company's total outstanding accounts payable at December 31, 2018, accounted for 95.5% of the Company's total outstanding accounts payable at December 31, 2018.