Risk Concentrations

3 Months Ended

Mar. 31, 2022

Risk Concentrations

Risk Concentrations

Note 10. Risk Concentrations

The Company operates as a single segment on a worldwide basis through its subsidiaries, resellers and independent sales agents. Gross revenues and net non-current tangible assets on a domestic and international basis are as follows:

	United
	States		International		Total
2022:
Revenue, for the three months ended March 31, 2022		1,052,219		83,687		1,135,906
Non-current tangible assets, as of March 31, 2022		31,240,344		197,638		31,437,982
2021:
Revenue, for the three months ended March 31, 2021	$	2,957,270	$	83,020	$	3,040,290
Non-current tangible assets, as of December 31, 2021		31,719,153		221,077		31,940,230

Major customers — During the three months ended March 31, 2022, one customer represented at least 10% of revenues, accounting for 29.6% of revenues. During the three months ended March 31, 2021, one customer represented at least 10% of revenues, accounting for 75.0% of revenues.

As of March 31, 2021, two customers represented at least 10% of accounts receivable, accounting for 46.9% Gold Medal Group LLC (“GMG”) and 32.2% of accounts receivable. As of December 31, 2021, two customers represented at least 10% of accounts receivable, accounting for 37.0% (GMG) and 32.4% of accounts receivable.

Vendor concentration —During the three months ended March 31, 2022, three vendors represented at least 10% of costs of revenue, accounting for 21.9%, 19.5% and 11.4% of costs of revenue. During the three months ended March 31, 2021, three vendors represented at least 10% of costs of revenue, accounting for 24.7%, 22.5% and 19.2% of costs of revenue.

As of March 31, 2022 and December 31, 2021, one vendor represented at least 10% of accounts payable, excluding construction payables and professional fees, accounting for 11% of accounts payable. As of December 31, 2021, excluding construction payables and other professional fees, one vendor represented at least 10% of accounts payable, accounting for 12.4%.

Affiliate relationship — GMG owns a 31.8% interest in Refuel America, LLC, a consolidated subsidiary of the Company. GMG’s subsidiaries, which are not consolidated in the Company’s financial statements have several business relationships with the Company and its subsidiaries that result in revenues and expenses noted above.