RISKS AND UNCERTAINTIES

6 Months Ended

Jun. 30, 2022

Risks and Uncertainties [Abstract]

RISKS AND UNCERTAINTIES

NOTE 8 – RISKS AND UNCERTAINTIES

Concentration Risk

The table below shows customers who account for 10% or more of the Company’s total revenues and 10% or more of the Company’s accounts receivable for the periods presented:

Customers exceeding 10% of revenue:

	Three Months Ended June 30,			Three Months Ended June 30,			Six  Months Ended June 30,			Six Months Ended June 30,
Company Customer Number	2022			2021			2022			2021
C000001462		*			59	%		16	%		46	%
C000001140		25	%		*			20	%		*
C000001660		*			*			*			15	%
C000001661		*			11	%		*			*
C000000819		14	%		*			*			*

Customers exceeding 10% of accounts receivable:

	June 30,			December 31,
Company Customer Number	2022			2021
C000001462		*			41	%
C000001140		23	%		23	%
C000002151		12	%		*

The table below shows vendors who account for 10% or more of the Company’s total purchases and 10% or more of the Company’s accounts payable for the periods presented:

Vendors exceeding 10% of purchases:

	Three Months Ended June 30,			Three Months Ended June 30,			Six Months Ended June 30,			Six Months Ended June 30,
Company Vendor Number	2022			2021			2022			2021
V000001029		23	%		*			25	%		10	%
V000001350		*			17	%		*			16	%
V000000453		*			*			12	%		*
V000001372		*			25	%		*			15	%
V000001326		*			*			*			10	%
V000001280		19	%		*			*			*

Vendors exceeding 10% of accounts payable:

	June 30,			December 31,
Company Vendor Number	2022			2021
V000001029		33	%		*
V000000453		*			20	%
V000001372		*			33	%
V000001326		*			12	%

*Amounts less than 10%

Foreign Exchange Risk

Although the Company’s revenues and expenses are expected to be predominantly denominated in United States dollars, the Company may be exposed to currency exchange fluctuations. Recent events in the global financial markets have been coupled with increased volatility in the currency markets. Fluctuations in the exchange rate between the U.S. dollar, the Canadian dollar, the Euro, and the currency of other regions in which the Company may operate may have a material adverse effect on the Company’s business, financial condition and operating results. The Company may, in the future, establish a program to hedge a portion of the Company’s foreign currency exposure with the objective of minimizing the impact of adverse foreign currency exchange movements. However, even if the Company develops a hedging program, there can be no assurance that it will effectively mitigate currency risks.