XML 36 R21.htm IDEA: XBRL DOCUMENT
v3.21.1

Customer and Supplier Concentration | 12 Months Ended
--- | ---
Dec. 31, 2020
Risks and Uncertainties [Abstract] |
Customer and Supplier Concentration | NOTE 15 – CUSTOMER AND SUPPLIER CONCENTRATION Significant customers and suppliers are those that account for greater than 10% of the Company’s revenues and purchases. The Company’s revenues were concentrated with a few customers for the years ended December 31, 2020 and 2019:
Customer |  | Total revenues from the customer as a percentage of total revenues for the year ended December 31, 2020 |  |  | Accounts receivable from the customer as of December 31, 2020 (in thousands) |  |  | Total revenues from the customer as a percentage of total revenues for the year ended December 31, 2019 |  |  | Accounts receivable from the customer as of December 31, 2019 (in thousands) |
1 |  |  | 13 | % |  |  | 3,536 |  |  |  | 14 | % |  | $ | 184 |
2 |  |  | 9 | % |  |  | 2,598 |  |  |  | 13 | % |  |  | 604 |
3 |  |  | 5 | % |  |  | 94 |  |  |  | 12 | % |  |  | 235 |
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, 2020 and 2019:
Vendor |  | Total purchases from the vendor as a percentage of total cost of revenues for the year ended December 31, 2020 |  |  | Accounts payable (prepayment) to the vendor as of December 31, 2019 (in thousands) |  |  | Total purchases from the vendor as a percentage of total cost of revenues for the year ended December 31, 2019 |  |  | Accounts payable (prepayment) to the vendor as of December 31, 2019 (in thousands) |
1 |  |  | 35 | % |  | $ | 5,749 |  |  |  | 49 | % |  | $ | 1,107 |
2 |  |  | 13 | % |  | $ | 2,013 |  |  |  | 4 | % |  |  | 5,038 |
3 |  |  | 11 | % |  | $ | (22 | ) |  |  | 4 | % |  |  | 7 |
The Company believes there are numerous other suppliers that could be substituted should for the above suppliers become unavailable or non-competitive.

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