Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.22.1
Concentrations
3 Months Ended
Mar. 31, 2022
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, 2022 and 2021.

 

    Three Months Ended
March 31,
 
Customer   2022     2021  
A     28 %     30 %
B     18 %     20 %
C     12 %     13 %

 

Two customers, of which, one is a related party and the other is a third party, whose outstanding receivable accounted for 10% or more of the Company’s total outstanding rent receivable and rent receivable – related party at March 31, 2022, accounted for 74.1% of the Company’s total outstanding rent receivable and rent receivable – related party at March 31, 2022.

 

Two customers, of which, one is a related party and the other is a third party, whose outstanding receivable accounted for 10% or more of the Company’s total outstanding rent receivable and rent receivable – related party at December 31, 2021, accounted for 80.6% of the Company’s total outstanding rent receivable and rent receivable – related party at December 31, 2021.

 

Suppliers

 

No supplier accounted for 10% or more of the Company’s purchase during the three months ended March 31, 2022 and 2021.

 

One supplier, whose outstanding payable accounted for 10% or more of the Company’s total outstanding accounts payable at March 31, 2022, accounted for 100.0% of the Company’s total outstanding accounts payable at March 31, 2022.