Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.21.1
Concentrations
3 Months Ended
Mar. 31, 2021
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, 2021 and 2020.


    Three Months Ended
March 31,
 
Customer   2021     2020  
A            30 %           30 %
B     20 %     18 %
C     13 %     15 %

* Less than 10%

One customer, 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, 2021, accounted for 70.3% of the Company’s total outstanding accounts receivable, accounts receivable – related party, and rent receivable at March 31, 2021.


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, 2020, accounted for 78.3% of the Company’s total outstanding accounts receivable, accounts receivable – related party, and rent receivable at December 31, 2020.


Suppliers


No supplier accounted for 10% or more of the Company’s purchase during the three months ended March 31, 2021 and 2020.


One supplier, whose outstanding payable accounted for 10% or more of the Company’s total outstanding accounts payable at March 31, 2021, accounted for 90.2% of the Company’s total outstanding accounts payable at March 31, 2021.


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