CONCENTRATIONS

9 Months Ended

Sep. 30, 2022

Risks and Uncertainties [Abstract]

CONCENTRATIONS

NOTE 12 – CONCENTRATIONS

Customer Concentrations

The following table sets forth information as to each customer that accounted for 10% or more of the Company’s revenues, with all the customers listed coming from the Gaming segment, for the following periods:

	Three Months Ended September 30,						Nine Months Ended September 30,
Customer	2022			2021			2022			2021
Customer B		39.92	%		21.70	%		26.75	%		28.20	%
Customer C		*			22.00	%		21.87	%		18.70	%
Customer D		39.66	%		41.00	%		23.00	%		38.80	%
		79.58	%		84.70	%		71.62	%		85.70	%

* Less than 10%.

The following table sets forth information as to each customer that accounted for 10% or more of the Company’s trade accounts receivable (net), with all customers coming from the Gaming segment, as of:

Customer	September 30, 2022			December 31, 2021
Customer A		*			51.92	%
Customer B		14.14	%		19.10	%
Customer C		27.38	%		*
Customer E		17.41	%		*
Customer F		21.11	%		*
		80.04	%		71.02	%

* Less than 10%.

A reduction in sales from or loss of these customers, in a significant amount, could have a material adverse effect on the Company’s results of operations and financial condition.

Motorsport Games Inc. and Subsidiaries

Notes to Unaudited Condensed Consolidated Financial Statements

Supplier Concentrations

The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s cost of revenues, with all suppliers relating to the Gaming segment, for the following periods:

	Three Months Ended September 30,						Nine Months Ended September 30,
Customer	2022			2021			2022			2021
Supplier A		*			24.30	%		16.10	%		32.20	%
Supplier B		*			50.20	%		*			39.40	%
Supplier C		*			*			18.89	%		*
		0.00	%		74.50	%		34.99	%		71.60	%

* Less than 10%.