Note 5 - Concentrations

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE 5 - CONCENTRATIONS

Vendors

The Company’s concentration of purchases is as follows:

	For the three months ended						For the six months ended
	June 30,						June 30,
	2022			2021			2022			2021
Vendor A		59	%		69	%		52	%		63	%
Vendor B		28	%		5	%		30	%		5	%
Vendor C		5	%		13	%		6	%		14	%

During the three months ended June 30, 2022 and 2021, purchases from three vendors represented 92% and 87%, respectively, of total inventory purchases. During the six months ended June 30, 2022 and 2021, purchases from three vendors represented 88% and 82%, respectively, of total inventory purchases.

As of June 30, 2022, and December 31, 2021, amounts owed to these vendors totaled $1,804,000 and $1,565,000, respectively, which are included in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.

Accounts Receivable

The Company’s concentration of accounts receivable is as follows:

	June 30,			December 31,
	2022			2021
Customer A		9	%		27	%

One customer made up more than 9% of net accounts receivable at June 30, 2022. The same customer made up more than 27% of net accounts receivable at December 31, 2021. Customer A owed the Company a total of $169,000, representing 9% of net receivables, at June 30, 2022. Customer A owed the Company a total of $454,000, representing 27% of net receivables at December 31, 2021. No customer exceeded 10% of total net sales for the six-month periods ended June 30, 2022 and 2021.