XML 32 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Segment and Revenue Analysis
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT AND REVENUE ANALYSIS

Note 14 – SEGMENT AND REVENUE ANALYSIS


The Company is solely engaged in the business of manufacturing and selling of pet food. Since the nature, the production processes and the marketing channel of the products are substantially similar, the Company is considered as operating in a single reportable segment with revenues derived from multiple product lines, marketing channels and countries. Certain entity-wide disclosures relating to revenues for the years ended December 31, 2020, 2019 and 2018 are as follows:


The net revenue generated from different marketing channels consists of the following:


   For the Years Ended December 31, 
   2020   2019   2018 
Overseas sales  $226,385   $9,995,136   $15,832,362 
Domestic sales   574,921    2,711,445    4,102,457 
Electronic commerce   16,708    83,779    3,800,668 
Less: Sale tax and addition   (2,789)   (142,105)   (61,450)
Total net revenue  $815,225   $12,648,255   $23,674,037 

The net revenue generated from different product lines is set forth as following:


   For the Years Ended December 31, 
   2020   2019   2018 
Pet chews  $59,096   $6,469,755   $6,271,777 
Dried pet snacks   317,392    4,617,742    13,611,010 
Wet canned pet food   84,117    1,310,001    2,782,382 
Dental health snacks   19,915    305,452    495,581 
Baked pet biscuits   3,132    87,410    95,169 
Others   334,362    -    479,568 
Less: Sales tax and addition   (2,789)   (142,105)   (61,450)
Total net revenue  $815,225   $12,648,255   $23,674,037 

The net revenue generated from different countries is set forth as following:


   For the Years Ended December 31, 
   2020   2019   2018 
South Korea  $34,378   $1,335,791   $2,870,998 
China   713,257    2,662,247    6,569,382 
United Kingdom   -    1,573,546    2,415,043 
Germany   -    2,062,110    2,522,149 
Other countries   70,379    5,156,666    9,357,915 
Less: Sales tax and addition   (2,789)   (142,105)   (61,450)
Total net revenue  $815,225   $12,648,255   $23,674,037 

“Other countries” are comprised of all countries whose revenue, individually, was less than 10% of the Company’s total revenue.


Substantially all of the Company’s long-lived assets are located in the PRC.