CUSTOMER CONCENTRATIONS |
6 Months Ended |
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Jun. 30, 2022 | |
Risks and Uncertainties [Abstract] | |
CUSTOMER CONCENTRATIONS |
NOTE 13 – CUSTOMER CONCENTRATIONS
The Company had sales from operations to four, and five customers, for the six months ended June 30, 2022, and 2021, respectively, that surpassed the 10% threshold of total revenue, respectively. In total, these customers represented approximately 53% and 76% of our total sales for the six months ended June 30, 2022, and 2021, respectively. The concentration of the Company’s business with a relatively small number of customers may expose us to a material adverse effect if one or more of these large customers were to experience financial difficulty or were to cease being customers for non-financial related issues.
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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