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Concentrations
3 Months Ended
Mar. 31, 2019
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 13 – CONCENTRATIONS

 

Customers

 

Five customers accounted for approximately 70% (18%, 16%, 14%, 12% and 11%) of the Company’s revenues for the three months ended March 31, 2019 and two customers accounted for approximately 65% (55% and 10%) of the Company’s revenues for the three months ended March 31, 2018.

 

No customer accounted for 10% of the Company’s total outstanding accounts receivable as of March 31, 2019 and December 31, 2018.

 

Suppliers

 

Two suppliers accounted for approximately 45% (34% and 11%) of the Company’s inventories purchases for the three months ended March 31, 2019 and four suppliers accounted for approximately 74% (22%, 22%, 18% and 12%) of the Company’s revenues for the three months ended March 31, 2018.

 

Two suppliers accounted for approximately 27% (13% and 14%) of the Company’s total outstanding accounts payable as of March 31, 2019. No supplier accounted for approximately 10% of the Company’s total outstanding accounts payable at December 31, 2018.