XML 32 R24.htm IDEA: XBRL DOCUMENT
v3.20.4

Concentrations | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2020 | Dec. 31, 2019
Risks and Uncertainties [Abstract] |  |
Concentrations | NOTE 15 - CONCENTRATIONS Customers: Amazon accounted for 60.1% and 57.6% of the Company’s revenues during the nine months ended September 30, 2020 and 2019, respectively. For the three months ended September 30, 2020 and 2019, Amazon accounted for 64.9% and 63.6% of the Company’s revenues. No other customer accounted for 10% or more of the Company’s revenues for either period. Suppliers: The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s purchases for the nine months ended September 30, 2020 and 2019.
|  | September 30, 2020 |  |  |  |  |  | September 30, 2019 |  |  |  |
Garmin |  | $ | 376,741 |  |  |  | 11.8 | % |  | $ | 490,564 |  |  |  | 15.1 | %
Network Innovations |  | $ | 697,902 |  |  |  | 21.8 | % |  | $ | 1,032,647 |  |  |  | 31.8 | %
Cygnus Telecom |  | $ | 376,741 |  |  |  | 13.2 | % |  | $ | 402,455 |  |  |  | 12.4 | %
The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s purchases for the three months ended September 30, 2020 and 2019.
|  | September 30, 2020 |  |  |  |  |  | September 30, 2019 |  |  |  |
Garmin |  | $ | 140,666 |  |  |  | 12.5 | % |  | $ | 188,383 |  |  |  | 18.1 | %
Network Innovations |  | $ | 167,300 |  |  |  | 14.9 | % |  | $ | 385,204 |  |  |  | 36.9 | %
Cygnus Telecom |  | $ | 141,364 |  |  |  | 12.6 | % |  | $ | 125,420 |  |  |  | 12.0 | %
Satcom Global |  | $ | 123,435 |  |  |  | 11.0 | % |  | $ | 38,943 |  |  |  | 1.2 | %
Geographic: The following table sets forth revenue as to each geographic location, for the nine months ended September 30, 2020 and 2019:
|  | September 30, 2020 |  |  |  |  |  | September 30, 2019 |  |  |  |
Europe |  | $ | 2,749,781 |  |  |  | 66.0 | % |  | $ | 3,216,613 |  |  |  | 72.2 | %
North America |  |  | 1,035,904 |  |  |  | 24.9 | % |  |  | 816,699 |  |  |  | 18.3 | %
South America |  |  | 20,510 |  |  |  | 0.5 | % |  |  | 33,841 |  |  |  | 0.8 | %
Asia & Pacific |  |  | 279,247 |  |  |  | 6.7 | % |  |  | 312,848 |  |  |  | 7.0 | %
Australia & Oceanic |  |  | 42,594 |  |  |  | 1.0 | % |  |  | 35,912 |  |  |  | 0.8 | %
Africa |  |  | 35,714 |  |  |  | 0.9 | % |  |  | 37,994 |  |  |  | 0.9 | %
|  | $ | 4,163,750 |  |  |  |  |  |  | $ | 4,453,906 |  |  |  |  |
The following table sets forth revenue as to each geographic location, for the three months ended September 30, 2020 and 2019:
|  | September 30, 2020 |  |  |  |  |  | September 30, 2019 |  |  |  |
Europe |  | $ | 1,044,503 |  |  |  | 70.8 | % |  | $ | 1,132,882 |  |  |  | 64.9 | %
North America |  |  | 290,065 |  |  |  | 19.7 | % |  |  | 479,463 |  |  |  | 27.5 | %
South America |  |  | 8,609 |  |  |  | 0.6 | % |  |  | 13,131 |  |  |  | 0.8 | %
Asia & Pacific |  |  | 101,244 |  |  |  | 6.9 | % |  |  | 100,380 |  |  |  | 5.7 | %
Australia & Oceanic |  |  | 21,655 |  |  |  | 1.5 | % |  |  | 12,141 |  |  |  | 0.7 | %
Africa |  |  | 9,317 |  |  |  | 0.6 | % |  |  | 8,528 |  |  |  | 0.5 | %
|  | $ | 1,475,393 |  |  |  |  |  |  | $ | 1,746,525 |  |  |  |  |
| NOTE 16 - CONCENTRATIONS Customers: Amazon accounted for 56.9% and 37.3% of the Company’s revenues during the years ended December 31, 2019 and 2018, respectively. No other customer accounted for 10% or more of the Company’s revenues for either period. Suppliers: The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s purchases for the years ended December 31, 2019 and 2018.
|  | December 31, 2019 |  |  | December 31, 2018 |
Network Innovations |  | $ | 1,431,075 |  |  |  | 30.1 | % |  | $ | 2,002,733 |  |  |  | 42.8 | %
Garmin |  | $ | 647,360 |  |  |  | 13.6 | % |  | $ | 589,529 |  |  |  | 12.2 | %
Globalstar Europe |  | $ | 568,006 |  |  |  | 12.0 | % |  | $ | 610,933 |  |  |  | 12.7 | %
Cygnus Telecom |  | $ | 525,231 |  |  |  | 11.1 | % |  | $ | 457,871 |  |  |  | 9.5 | %
Geographic: The following table sets forth revenue as to each geographic location, for the years ended December 31, 2019 and 2018:
|  | Year Ended December 31, 2019 |  |  |  |  |  | Year Ended December 31, 2018 |  |  |  |
Europe |  | $ | 4,152,218 |  |  |  | 70.7 | % |  | $ | 3,841,332 |  |  |  | 67.1 | %
North America |  |  | 1,162,869 |  |  |  | 19.8 | % |  |  | 1,282,494 |  |  |  | 22.4 | %
South America |  |  | 42,212 |  |  |  | 0.7 | % |  |  | 227,280 |  |  |  | 4.0 | %
Asia & Pacific |  |  | 414,725 |  |  |  | 7.1 | % |  |  | 317,699 |  |  |  | 5.5 | %
Africa |  |  | 46,783 |  |  |  | 0.8 | % |  |  | 58,096 |  |  |  | 1.0 | %
|  | $ | 5,869,558 |  |  |  |  |  |  | $ | 5,726,901 |  |  |  |  |

X
- 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
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration