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GEOGRAPHIC INFORMATION AND CONCENTRATIONS | 6 Months Ended
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Jun. 30, 2022
Risks and Uncertainties [Abstract] |
GEOGRAPHIC INFORMATION AND CONCENTRATIONS | GEOGRAPHIC INFORMATION AND CONCENTRATIONS The Company headquarters and substantially all of its operations, including its long-lived assets, are located in the United States. Geographical sales information based on the location of the customer was as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net sales by region: |  |  |  |  |  |  |
Domestic | 70,112 |  |  | 46,858 |  |  | 132,493 |  |  | 102,726 |
International | 27,087 |  |  | 15,885 |  |  | 48,889 |  |  | 23,739 |
Total | $ | 97,199 |  |  | $ | 62,743 |  |  | $ | 181,382 |  |  | $ | 126,465 |
The Company’s principal direct customers as of June 30, 2022 consist primarily of leading international, foreign and domestic banks and other credit card issuers primarily within the U.S., Europe, Asia, Latin America, Canada, and the Middle East. The Company periodically assesses the financial strength of these customers and establishes allowances for anticipated losses, if necessary. Three customers individually accounted for more than 10% of the Company’s revenue or 78%, combined, of total revenue for the three months ended June 30, 2022. Three customers individually accounted for more than 10% of the Company’s revenue or 80.6%, combined, of total revenue for the three months ended June 30, 2021.Three customers individually accounted for more than 10% of the Company’s revenue or 80.4%, combined, of total revenue for the six months ended June 30, 2022. Two customers individually accounted for more than 10% of the Company’s revenue or 73.0%, combined, of total revenue for the six months ended June 30, 2021. Four customers individually accounted for more than 10% of the Company’s accounts receivable or approximately 82% and two customers individually accounted for more than 10% or 66% of total accounts receivable as of June 30, 2022 and December 31, 2021, respectively. No individual vendor accounted for more than 10% of purchases of supplies for the six months ended June 30, 2022. The Company primarily relied on three vendors that individually accounted for more than 10% of purchases of supplies for the six months ended June 30, 2021 or approximately 59% of total purchases for the six months ended June 30, 2021.

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI https://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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