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CONCENTRATION
3 Months Ended
Dec. 31, 2019
Concentration Risks, Types, No Concentration Percentage [Abstract]  
CONCENTRATION

NOTE 9– CONCENTRATION

 

Revenue

 

The following table sets forth our sales to customers during the three months ended December 31, 2019 and 2018 and the year ended September 30, 2019 and 2018.

 

 

 

Three Months Ended

 

 

Year Ended

 

 

 

December 31,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

Sales

 

 

Percent

 

 

Sales

 

 

Percent

 

 

Sales

 

 

Percent

 

 

Sales

 

 

Percent

 

Customer A

 

$

 

 

 

 

 

$1,274,000

 

 

 

94%

 

$1,274,000

 

 

 

94%

 

$4,271,500

 

 

 

53%

Customer B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,743,000

 

 

 

47%

Customer C

 

 

 

 

 

 

 

 

80,000

 

 

 

6%

 

 

80,000

 

 

 

6%

 

 

 

 

 

 

Customer D

 

 

193,536

 

 

 

100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$193,536

 

 

 

100%

 

$1,354,000

 

 

 

100%

 

$1,354,000

 

 

 

100%

 

$8,014,500

 

 

 

100%

 

Purchase

 

During the three months ended December 31, 2019, the Company did not make any purchases.

 

During the three months ended December 31, 2018, all purchases were made from one supplier.

 

During the year ended September 30, 2019, all purchases were made from one supplier.

 

During the year ended September 30, 2018, all purchases were derived from purchase orders with two suppliers, which represent 70% and 30%, of the Company’s purchases, respectively, which related to cordyceps products and metallothionein MT-3 elizer, respectively. These suppliers were different from the sole supplier for the year ended September 30, 2019, which was a supplier of cordyceps products.