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Concentration of Credit Risk
3 Months Ended
Mar. 31, 2022
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk

Note 8 – Concentration of Credit Risk

 

The following table summarizes credit risk with respect to customers as percentage of sales for the three month periods ended March 31, 2022 and 2021:

 

   Three months ended
March 31,
 
   2022   2021 
Customer A   20%   12%
Customer B   13%   
-
 
Customer C   10%   12%
Customer D   
-
    11%
           

 

The following table summarizes credit risk with respect to customers as percentage of accounts receivable:

 

   March 31,   December 31, 
   2022   2021 
Customer A   20%   24%
Customer E   16%   21%
Customer F   14%   
-
 
Customer G   12%   
-
 
Customer H   
-
    17%

 

The following table summarizes credit risk with respect to vendors as percentage of purchases for the three-month periods ended March 31, 2022 and 2021:

 

   Three months ended
March 31,
 
   2022   2021 
Vendor A   23%   30%
Vendor B   11%   
-
 
Vendor C   10%   13%
Vendor D   
-
    12%

 

The following table summarizes credit risk with respect to vendors as percentage of accounts payable:

 

   March 31,   December 31, 
   2022   2021 
Vendor C   23%   28%
Vendor E   
-
    10%