Note 15 - Concentrations

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

15.

     CONCENTRATIONS

During

2019,

31%

of revenues were derived from

two

customers that individually had over

10%

of our total revenues: S&B Engineers with

21%

and Costain Oil, Gas & Process Ltd with

10%.

During

2018,

27%

of revenues were derived from

two

customers that individually had over

10%

of our total revenues: National Grid with

15%

and S&B Engineers with

12%.

During

2017,

 

55%

 of revenues were derived from 

three

 customers that individually had over

10%

of our total revenues: National Grid with

26%,

Scotia Gas Networks with

18%,

and S&B Engineers with

11%.

The Company’s major product lines in

2019,

2018

and

2017

were natural gas infrastructure solutions.

At

December 31, 2019,

of the gross trade accounts receivable totaling approximately

$5.3

million,

three

individual customers that made up approximately

50%

of the Company's total trade accounts receivable: Energy Transfer at

24%,

Costain Oil, Gas and Process Ltd at

14%

and S&B Engineers at

12%.

At

December 

31,

2018,

of the gross trade accounts receivable totaling approximately

$5.1

million, approximately

38%

was due from

two

customers: Costain Oil, Gas & Process Ltd at

24%

and National Grid at

14%.

There were

no

suppliers greater than

10%

of purchases in

2019,

2018

or

2017.

With the operations of Orbital UK, the Company has foreign revenue and trade accounts receivable concentrations in the United Kingdom. For the years ended

December 31, 2019,

2018

and

2017,

the Company had foreign revenue concentrations in the United Kingdom of

57%,

74%,

and

77%,

respectively. Also during the years ended

December 31, 2019,

2018

and

2017,

the Company had trade accounts receivable concentrations in the United Kingdom of

49%,

80%,

and

79%,

respectively.