Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.21.2
Concentrations
9 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 12 – 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 and nine months ended September 30, 2021 and 2020.

 

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
Customer   2021     2020     2021     2020  
A (Hebei Daopei, a related party)     27 %    
*     12 %    
*
B     28 %     28 %     29 %     29 %
C     12 %     18 %     16 %     18 %
D    
*     14 %     11 %     14 %

 

* 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 September 30, 2021, accounted for 71.2% of the Company’s total outstanding accounts receivable, accounts receivable – related party, and rent receivable at September 30, 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 and nine months ended September 30, 2021 and 2020.

 

One supplier, whose outstanding payable accounted for 10% or more of the Company’s total outstanding accounts payable at September 30, 2021, accounted for 100.0% of the Company’s total outstanding accounts payable at September 30, 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.