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Concentrations of Credit Risk and Major Customers
 12 Months Ended
Dec. 31, 2020
Risks and Uncertainties [Abstract]  
CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS

Note 13 – CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS


Customers


For the years ended December 31, 2020, 2019 and 2018, customers accounting for 10% or more of the Company’s net revenue were as follows:


   For the Years Ended December 31, 
Customer  2020   2019   2018 
Customer A   *%   12.35%   *%
Customer G   *%   12.02%   *%
Customer P   17.33%   *%   *%

*Less than 10%

As of December 31, 2020, Customer L, Customer M, Customer N and Customer O accounted for 45.09%, 24.89%, 19.82% and 11.72% of the Company’s total current outstanding accounts receivable, respectively.


As of December 31, 2019, Customer H, Customer I, Customer J and Customer K accounted for 36.88%, 26.51%, 25.61% and 11.00% of the Company’s total current outstanding accounts receivable, respectively.


Suppliers


For the years ended December 31, 2020, 2019 and 2018, suppliers accounting for 10% or more of the Company’s purchase were as follows:


   For the Years Ended December 31, 
Supplier  2020    2019    2018 
Supplier A   *%    14.16%    *%
Supplier B   *%    11.99%    *%
Supplier C   *%    12.76%    *%
Supplier D   16.45%    *%    *%
Supplier E   10.16%    *%    *%
Supplier F   17.62%    *%    *%

*Less than 10%

As of December 31, 2020, Supplier B’s balance accounted for 11.84% of the Company’s total accounts payable.


As of December 31, 2019, Supplier B’s balance accounted for 30.30% of the Company’s total accounts payable and notes payable.