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Customer and Supplier Concentration (Tables)
12 Months Ended
Dec. 31, 2020
Risks and Uncertainties [Abstract]  
Schedule of Concentration Risk

The Company’s revenues were concentrated with a few customers for the years ended December 31, 2020 and 2019:

 

Customer   Total revenues
from the customer
as a percentage of total revenues
for the year ended December 31, 2020
    Accounts
receivable from the customer as of
December 31, 2020 (in thousands)
    Total revenues
from the customer
as a percentage of total revenues
for the year ended December 31, 2019
    Accounts
receivable from the customer as of
December 31, 2019 (in thousands)
 
1     13 %     3,536       14 %   $     184  
2     9 %     2,598       13 %     604  
3     5 %     94       12 %     235  

 

The loss of the significant customer or the failure to attract new customers could have a material adverse effect on our business, results of operations and financial condition.

 

The Company’s purchases were concentrated among a few vendors for the years ended December 31, 2020 and 2019:

 

Vendor   Total purchases
from the vendor as a percentage of
total cost of revenues for
the year ended
December 31, 2020
    Accounts payable
(prepayment) to the
vendor as of
December 31, 2019
(in thousands)
    Total purchases from the vendor as a percentage of total cost of revenues for
the year ended
December 31, 2019
    Accounts payable
(prepayment) to the
vendor as of
December 31, 2019
(in thousands)
 
1     35 %   $ 5,749        49 %   $  1,107  
2     13 %   $ 2,013       4 %     5,038  
3     11 %   $ (22 )     4 %     7