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Customer and Supplier Concentration (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Risks and Uncertainties [Abstract]    
Schedule of Concentration Risk

The Company’s revenues were concentrated among few customers for the six months ended June 30, 2018:

 

Customer   Total revenues
from the customer
to total revenues
for the six
months ended
June 30, 2018
    Deferred revenue
from the customer
as of June 30, 2018
(rounded to 000’s)
 
1     29 %   $ 1,017,000  

   

The Company’s purchases were concentrated among a few vendors for the six months ended June 30, 2018:

 

Vendor   Total purchases
from the vendor
to total purchases for
the six months
ended June 30, 2018
    Accounts payable
(prepayment) to the
vendor as of
June 30, 2018
(rounded to 000’s)
 
1     40 %   $ (343,000 )
  2*     28 %   $ 4,871,000  
3     16 %   $ (888,000 )

 

* EDI, a related party. See note 13.

The Company’s revenues were concentrated among few customers for the years ended December 31, 2017 and 2016:

 

Customer   Total revenues from the customer to total revenues for the year ended December 31, 2017     Accounts receivable from the customer as of December 31, 2017 (rounded to 000)     Total revenues from the customer to total revenues for the year ended December 31, 2016     Accounts receivable from the customer as of December 31, 2016 (rounded to 000)  
1     12 %   $ 372,000       13 %   $ 11,917  
2     11 %   $ 634,000       1 %   $ 162,300  

 

The Company’s purchases were concentrated among few vendors for the years ended December 31, 2017 and 2016:

 

Vendor   Total purchases from the vendor to total purchases for the year ended December 31, 2017     Accounts payable (prepayment) to the vendor as of December 31, 2017 (rounded to 000)     Total purchases from the vendor to total purchases for the year ended December 31, 2016     Accounts payable (prepayment) to the vendor as of December 31, 2016 (rounded to 000)  
1     37 %   $ (61,000 )     2 %   $ (229,000 )
2*     34 %   $ 4,325,000       32 %   $ 3,618,000  

 

* EDI, a related party. See note 15.