Note 5 - Revenue

6 Months Ended

Jun. 30, 2021

Notes

Note 5 - Revenue

NOTE 5 – REVENUE

The Company product revenue includes industrial wireless products and accessories such as antennas, power supplies and cable assemblies. The Company also provides direct site support and engineering services to customers, such as repair and upgrade of its products. During the three month period ended June 30, 2021 and 2020, the Company’s revenue from products sales was $448,403 and $244,397, respectively.  Revenue from site support and engineering services was $8,600 and $1,100 respectively, over the same periods.

During the six month period ended June 30, 2021 and 2020, the Company’s revenue from products sales was $870,079 and $497,364, respectively.  Revenue from site support and engineering services was $11,700 and $22,100 respectively, over the same periods.

The Company’s customers, to which trade credit terms are extended, consist of United States and local governments and foreign and domestic companies.  Domestic sales for the three month period ended June 30, 2021 and June 30, 2020 were $432,215 and $212,264, respectively.  Sales to foreign customers for the three month period ended June 30, 2021 and June 30, 2020 were $24,788 and $33,233, respectively.

Domestic sales for the six month period ended June 30, 2021 and June 30, 2020 were $794,330 and $454,239, respectively.  Sales to foreign customers for the six month period ended June 30, 2021 and June 30, 2020 were $87,449 and $65,225, respectively.

For the three-month period ended June 30, 2021, sales to three customers represented more than 10% of total revenue, three customers represented more than 10% of total revenue for the same period in 2020.

	2021 Sales	2021 %age of Total Sales	2020 Sales	2020%age of Total Sales
Domestic customer A	$       76,947	17%	$      28,384	12%
Domestic customer B	64,968	14%	27,802	11%
Domestic customer C	62,080	14%	24,473	10%

For the six-month period ended June 30, 2021, sales to two customers represented more than 10% of total revenue, one customer represented more than 10% of total revenue for the same period in 2020.

	2021 Sales	2021 %age of Total Sales	2020 Sales	2020 %age of Total Sales
Domestic customer A	$133,118	15%	$57,702	11%
Domestic customer B	129,798	15%	-	-

As of June 30, 2021 and 2020, the Company had a sales order backlog of $17,143 and $4,118, respectively.