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CONCENTRATIONS | 12 Months Ended
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Dec. 31, 2021
CONCENTRATIONS [Abstract] |
CONCENTRATIONS | NOTE 15 - CONCENTRATIONS
(a) | Customers
The following table sets forth information as to each customer that accounted for 10% or more of net revenue for the years ended December 31, 2021, 2020 and 2019.
|  |  | Year ended |  |  | Year ended |  |  | Year ended |
December 31, 2021, | December 31, 2020, | December 31, 2019,
Customer |  |  | Amount |  | % of Total |  |  | Amount |  | % of Total |  |  | Amount |  | % of Total |
A |  |  | $ | 3,543,423 |  | 41 | % |  | $ | 3,168,204 |  | 58 | % |  | $ | 990,225 |  | 28 | %
B |  |  |  | 2,556,537 |  | 30 | % |  |  | 583,406 |  | 11 | % |  |  | - |  | - |
C |  |  |  | 848,399 |  | 10 | % |  |  | - |  | - |  |  |  | - |  | - |
D |  |  |  | 230,537 |  | * |  |  |  | 717,460 |  | 13 | % |  |  | 886,396 |  | 25 | %
E |  |  |  | - |  | * |  |  |  | 14,460 |  | * |  |  |  | 697,880 |  | 20 | %
Total |  |  | $ | 7,178,896 |  | 81 | % |  | $ | 4,483,530 |  | 82 | % |  | $ | 2,574,501 |  | 73 | %
* | Indicates below 10%.
The following table sets forth information as to each customer that accounted for 10% or more of total gross accounts receivable as of December 31, 2021 and 2020.
|  | As of December 31, 2021, |  | As of December 31, 2020, |
Customer |  | Amount |  | % of Total |  | Amount |  | % of Total |
A |  |  | $ | 2,084,879 |  |  |  | 59 | % |  | $ | 422,367 |  |  |  | 27 | %
E |  |  |  | 864,106 |  |  |  | 25 | % |  |  | 843,923 |  |  |  | 53 | %
Total |  |  | $ | 2,948,985 |  |  |  | 84 | % |  | $ | 1,266,290 |  |  |  | 80 | %
(b) | Suppliers
For the years ended December 31, 2021, 2020 and 2019, the Company’s material suppliers, each of whom accounted for more than 10% of the Company’s total purchases, were as follows:
|  | Year ended December 31, 2021, |  |  | Year ended December 31, 2020, |  |  | Year ended December 31, 2019, |
Supplier |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |
A |  | $ | 2,219,792 |  |  |  | 21 | % |  | $ | - |  |  |  | - |  |  | $ | - |  |  |  | - |
B |  |  | 171,908 |  |  |  | * |  |  |  | 175,605 |  |  |  | 12 | % |  |  | 923,025 |  |  |  | 31 | %
C |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 560,117 |  |  |  | 19 | %
D |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 393,275 |  |  |  | 13 | %
Total |  | $ | 2,391,700 |  |  |  | 21 | % |  | $ | 175,605 |  |  |  | 12 | % |  | $ | 1,876,417 |  |  |  | 63 | %
* | Indicates below 10%.

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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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