Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.20.1
Concentrations
3 Months Ended
Mar. 31, 2020
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 11 - 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 three months ended March 31, 2020 and 2019.

 

    Three Months Ended
March 31,
 
Customer   2020     2019  
A     30 %     29 %
B     18 %     19 %
C     15 %     15 %

 

Two customers, whose outstanding receivable accounted for 10% or more of the Company's total outstanding accounts receivable, accounts receivable – related party, and rent receivable at March 31, 2020, accounted for 88.3% of the Company's total outstanding accounts receivable, accounts receivable – related party, and rent receivable at March 31, 2020.

 

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

 

Suppliers

 

No supplier accounted for 10% or more of the Company's purchase during the three months ended March 31, 2020 and 2019.

 

One supplier, whose outstanding payable accounted for 10% or more of the Company's total outstanding accounts payable at March 31, 2020, accounted for 93.6% of the Company's total outstanding accounts payable at March 31, 2020.

 

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.