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Concentration of Credit Risk | 6 Months Ended
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Jun. 30, 2020
Risks and Uncertainties [Abstract] |
Concentration of Credit Risk | NOTE 14 – CONCENTRATION OF CREDIT RISK Cash Deposits Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. As of June 30, 2020 and December 31, 2019, the Company had approximately $1,139,000 and $1,377,000, respectively, in excess of the FDIC insured limit. Revenues Two clients accounted for 80% of revenue for the six months ended June 30, 2020, as set forth below:
Client A |  |  | 59 | %
Client B |  |  | 21 | %
Two clients accounted for 90% of revenue for the six months ended June 30, 2019.
Client A |  |  | 50 | %
Client B |  |  | 40 | %
Accounts Receivable Three clients accounted for 70% of the accounts receivable as of June 30, 2020, as set forth below:
Client A |  |  | 32 | %
Client B |  |  | 20 | %
Client C |  |  | 18 | %
There was no concentration of accounts receivable as of June 30, 2019. Accounts Payable Three vendors accounted for 44% of the accounts payable as of June 30, 2020, as set forth below:
Vendor A |  |  | 17 | %
Vendor B |  |  | 14 | %
Vendor C, related party |  |  | 13 | %
There was no concentration of accounts payable as of June 30, 2019.

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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 http://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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