Quarterly report pursuant to Section 13 or 15(d)

Business Concentration and Risks

v3.21.2
Business Concentration and Risks
9 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
Business Concentration and Risks

Note 8 – Business Concentration and Risks

 

Major customers

 

One customer accounted for 39% and 0% of the total accounts receivable as of September 30, 2021 and December 31, 2020, respectively. This customer accounted for 81% and 50% of the total revenue for the period ended September 30, 2021 and 2020, respectively.

  

Major vendors

 

One vendor accounted for 100% and 0% of total accounts payable at September 30, 2021 and December 31, 2020, respectively. This vendor accounted for 83% and 61% of the total purchases for the period ended September 30, 2021 and 2020, respectively.