Annual report pursuant to Section 13 and 15(d)

10. Business Concentration and Risks

v3.21.1
10. Business Concentration and Risks
12 Months Ended
Dec. 31, 2020
Risks and Uncertainties [Abstract]  
Business Concentration and Risks

Note 10 – Business Concentration and Risks

 

Major customers

 

One customer accounted for 0% and 18% of the total accounts receivable as of December 31, 2020 and 2019, respectively. This customer accounted for 53% and 43% of total revenue for the years ended December 31, 2020 and 2019, respectively.

  

Major vendors

 

One vendor accounted for 0% and 21% of total accounts payable at December 31, 2020 and 2019, respectively. This vendor accounted for 65% and 46% of the total purchases for the years ended December 31, 2020 and 2019, respectively.