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Major Customers, Accounts Receivable And Vendor Concentration
9 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
Major Customers, Accounts Receivable And Vendor Concentration

13. MAJOR CUSTOMERS, ACCOUNTS RECEIVABLE AND VENDOR CONCENTRATION

The table below represents the Company’s major customers and accounted for more than 10% of total net sales for the periods:

 

 

 

For the Three Months
Ended September 30,

 

 

For the Nine Months
Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Customer A

 

 

20

%

 

 

18

%

 

 

19

%

 

 

19

%

Customer B

 

 

17

%

 

 

14

%

 

 

17

%

 

 

16

%

Customer C

 

 

12

%

 

 

11

%

 

 

11

%

 

 

12

%

Customer D

 

 

10

%

 

 

12

%

 

 

11

%

 

 

13

%

 

The table below represents the Company’s customers which accounted for more than 10% of total accounts receivable, net as of:

 

 

 

September 30, 2021

 

 

December 31, 2020

 

Customer A

 

 

17

%

 

 

11

%

Customer B

 

 

22

%

 

 

17

%

Customer D

 

 

11

%

 

 

9

%

Customer E

 

 

5

%

 

 

14

%

Customer G

 

 

4

%

 

 

12

%

Customer H

 

 

10

%

 

 

 

 

The table below represents raw material vendors that accounted for more than 10% of all raw material purchases for the periods:

 

 

 

For the Three Months
Ended September 30,

 

 

For the Nine Months
Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Vendor A

 

 

37

%

 

 

28

%

 

 

34

%

 

 

31

%

Vendor B

 

 

18

%

 

 

30

%

 

 

21

%

 

 

25

%

Vendor C

 

 

12

%

 

 

13

%

 

 

13

%

 

 

11

%