Concentrations

9 Months Ended

Sep. 30, 2021

Risks and Uncertainties [Abstract]

Concentrations

Concentrations

As of September 30, 2021, two customers accounted for 55% of the Company’s total accounts receivable. As of December 31, 2020, 78% of the Company’s total accounts receivable balance was with one customer and was subject to ongoing litigation. The litigation was settled during the second quarter of 2021 as described in Note 15.

During the three months ended September 30, 2021, 50% of the Company’s revenues were earned from three customers. During the three months ended September 30, 2020, 85% of the Company’s revenues were earned from three customers. During the nine months ended September 30, 2021, 68% of the Company’s revenues were earned from four customers. During the nine months ended September 30, 2020, 69% of the Company’s revenues were earned from three customers.

As of September 30, 2021, one vendor accounted for 23% of the Company’s accounts payable.  As of December 31, 2020, three vendors accounted for 42% of the Company’s accounts payable.

During the three months ended September 30, 2021, one supplier accounted for 23% of the Company’s cost of goods sold. During the three months ended September 30, 2020, two suppliers accounted for 70% of the Company’s cost of goods sold. During the nine months ended September 30, 2021, one supplier accounted for 22% of the Company’s cost of goods sold. During the nine months ended September 30, 2020, two suppliers accounted for 64% of the Company’s cost of goods sold.