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Significant Customers
6 Months Ended
Jun. 30, 2021
Significant Customers Disclosure [Abstract]  
SIGNIFICANT CUSTOMERS

5. SIGNIFICANT CUSTOMERS

 

For the three months ended June 30, 2021, the Company had three customers individually that accounted for approximately 16%, 12% and 12% of revenue. For the three months ended June 30, 2020, the Company had four customers individually that accounted for approximately 28%, 12%, 12% and 11% of revenue. For the six months ended June 30, 2021, the Company had three customers that accounted for approximately 12%, 11% and 10% of revenue. For the six months ended June 30, 2020, the Company had five customers that accounted for approximately 24%, 14%, 12%, 10% and 10% of revenue. Our principal customers have been defense subcontractors, industrial manufacturers, fabricators, resellers and pharmacy benefit managers. No other customer accounted for 10% or more of the Company’s revenues during the three and six months ended June 30, 2021 and 2020. We expect our sales to continue to be concentrated among a small number of customers. However, we also expect that our significant customers may change from time to time.

  

Customers individually representing more than 10% of trade receivables accounted for approximately 64% and 44% of accounts receivable as of June 30, 2021 and December 31, 2020, respectively.