Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.22.2
Concentrations
6 Months Ended
Jun. 30, 2022
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 13 – 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 six months ended June 30, 2022 and 2021.

 

    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
Customer   2022     2021     2022     2021  
A     32 %     31 %     30 %     31 %
B     20 %     20 %     19 %     20 %
C     13 %     13 %     13 %     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 June 30, 2022, accounted for 81.0% of the Company’s total outstanding rent receivable and rent receivable – related party at June 30, 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 and six months ended June 30, 2022 and 2021.

 

One supplier, whose outstanding payable accounted for 10% or more of the Company’s total outstanding accounts payable at June 30, 2022, accounted for 100.0% of the Company’s total outstanding accounts payable at June 30, 2022.