Quarterly report pursuant to Section 13 or 15(d)

8. Business Concentration and Risks

v3.21.1
8. Business Concentration and Risks
3 Months Ended
Mar. 31, 2021
Risks and Uncertainties [Abstract]  
Business Concentration and Risks

Note 8 – Business Concentration and Risks

 

Major customers

 

One customer accounted for 48% and 17% of the total accounts receivable as of March 31, 2021 and December 31, 2020, respectively. This customer accounted for 80% and 58% of the total revenue for the period ended March 31, 2021 and 2020, respectively.

  

Major vendors

 

One vendor accounted for 96% and 0% of total accounts payable at March 31, 2021 and December 31, 2020, respectively. This vendor accounted for 84% and 38% of the total purchases for the period ended March 31, 2021 and 2020, respectively.