Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

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CONCENTRATIONS
6 Months Ended
Jun. 30, 2022
CONCENTRATIONS  
NOTE 17 - CONCENTRATIONS

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 June 30, 2022 included 55% from one customer of the Company’s total revenues.

 

The Company’s revenues earned from sale of products and services for the six months ended June 30, 2022 included 47% from one customer of the Company’s total revenues.

 

The Company’s revenues earned from sale of products and services for the three months ended June 30, 2021 included 55% from one customer of the Company’s total revenues.

 

The Company’s revenues earned from sale of products and services for the six months ended June 30, 2021 included 67% from one customer of the Company’s total revenues.

 

At June 30, 2022, one customer accounted for 94% of the Company’s total accounts receivable with an amount of $12,215. At December 31, 2021, one customer accounted for 100% of the Company’s total accounts receivable with an amount of $1,500.