REVENUE

6 Months Ended

Jun. 30, 2022

Revenue

REVENUE

NOTE 5 – REVENUE

The Company product revenue includes industrial wireless products and accessories such as antennas, power supplies and cable assemblies. The Company also provides direct site support and engineering services to customers, such as repair and upgrade of its products. During the three month periods ended June 30, 2022 and 2021, the Company’s revenue from products sales was $409,392 and $448,403, respectively. Revenue from site support and engineering services was $7,500 and $8,600 respectively, over the same periods.

During the six month periods ended June 30, 2022 and 2021, the Company’s revenue from products sales was $871,235 and $870,079, respectively. Revenue from site support and engineering services was $17,800 and $11,700 respectively, over the same periods.

The Company’s customers, to which trade credit terms are extended, consist of United States and local governments and foreign and domestic companies. Domestic sales for the three month period ended June 30, 2022 and June 30, 2021 were $378,959 and $432,215, respectively. Sales to foreign customers for the three month period ended June 30, 2022 and June 30, 2021 were $37,933 and $24,788, respectively.

Domestic sales for the six month period ended June 30, 2022 and June 30, 2021 were $815,629 and $794,330, respectively. Sales to foreign customers for the six month period ended June 30, 2022 and June 30, 2021 were $73,406 and $87,449, respectively.

For the three-month period ended June 30, 2022, sales to three customers represented more than 10% of total revenue, three customers represented more than 10% of total revenue for the same period in 2021.

(Unaudited)

	2022 Sales		2022 %age of Total Sales			2021 Sales		2021%age of Total Sales
Domestic customer A	$	54,436		13	%	$	76,947		17	%
Domestic customer B		53,880		13	%		64,968		14	%
Domestic customer C		49,031		12	%		62,080		14	%

For the six-month period ended June 30, 2022, sales to three customers represented more than 10% of total revenue, two customers represented more than 10% of total revenue for the same period in 2021.

	2022 Sales		2022 %age of Total Sales			2021 Sales		2021 %age of Total Sales
Domestic customer A	$	121,715		14	%	$	133,118		15	%
Domestic customer B		107,505		12	%		129,798		15	%
Domestic customer C		100,693		11	%

As of June 30, 2022 and 2021, the Company had a sales order backlog of $24,857 and $17,143, respectively.