XML 52 R39.htm IDEA: XBRL DOCUMENT v3.19.1
Customer and Supplier Concentration (Tables)
 12 Months Ended
Dec. 31, 2018
Risks and Uncertainties [Abstract]  
Schedule of Concentration Risk

The Company’s revenues were concentrated with one customer for the years ended December 31, 2018 and 2017:

 

Customer    

Total revenues

from the customer

to total revenues

for the year ended December 31, 2018

    

Accounts

receivable from the customer as of

December 31, 2018 (rounded to 000)

    

Total revenues

from the customer

to total revenues

for the year ended December 31, 2017

    

Accounts

receivable from the customer as of

December 31, 2017 (rounded to 000)

  
1       39 %   $ 1,495,000       12 %   $ 372,000  
                                   

 

The loss of the significant customer or the failure to attract new customers could have a material adverse effect on our business, results of operations and financial condition.

 

The Company’s purchases were concentrated among a few vendors for the years ended December 31, 2018 and 2017:

 

Vendor    

Total purchases

from the vendor to

total purchases for

the year ended

December 31, 2018

    

Accounts payable

(prepayment) to the

vendor as of

December 31, 2018

(rounded to 000)

    

Total purchases from the vendor to

total purchases for

the year ended

December 31, 2017

    

Accounts payable

(prepayment) to the

vendor as of

December 31, 2017

(rounded to 000)

  
1       33 %   $ (282,190 )     37 %   $ (61,000 )
2       30 %   $ (17,110 )     -       -  
3*       17 %   $ 5,491,616       34 %   $ 4,325,000  

 

* EDI, a related party. See Note 15.