NOTE 17 - CONCENTRATIONS

Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and trade receivables. The Company places its cash and temporary cash investments with high credit quality institutions. At times, such investments may be in excess of the FDIC insurance limit.

The Company’s revenues earned from sale of products and services for the three months ended September 30, 2022 included 84% from one customer of the Company’s total revenues.

The Company’s revenues earned from sale of products and services for the nine months ended September 30, 2022 included 81% from two customers of the Company’s total revenues.

The Company’s revenues earned from sale of products and services for the three months ended September 30, 2021 included 100% from one customer of the Company’s total revenues.

The Company’s revenues earned from sale of products and services for the nine months ended September 30, 2021 included 75% from one customer of the Company’s total revenues.

At September 30, 2022, two customers accounted for 94% of the Company’s total accounts receivable with an aggregate amount of $62,643. At December 31, 2021, one customer accounted for 100% of the Company’s total accounts receivable with an amount of $1,500.