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Concentrations
6 Months Ended
Jun. 30, 2019
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 16 – CONCENTRATIONS 

 

Customers

 

Five customers accounted for approximately 80% (24%, 15%, 15%, 15% and 11%) of the Company's revenues for the three months ended June 30, 2019 and two customers accounted for approximately 65% (55% and 10%) of the Company's revenues for the three months ended June 30, 2018.

 

Five customers accounted for approximately 45% (11%, 10%, 9%, 8% and 7%) of the Company's revenues for the six months ended June 30, 2019 and two customers accounted for approximately 40% (28% and 12%) of the Company's revenues for the six months ended June 30, 2018.

 

The total outstanding accounts receivable balance of Customer A and B are $156,252 and 73,704 respectively as of June 30, 2019.

 

Suppliers

 

Five suppliers accounted for approximately 40% (13%,7%,7%,7% and 6%) of the Company's inventories purchases for the three months ended June 30, 2019 and four suppliers accounted for approximately 74% (22%, 22%, 18% and 12%) of the Company's revenues for the three months ended June 30, 2018.

 

Five suppliers accounted for approximately 48% (22%, 8%, 7%, 6% and 5%) of the Company's inventories purchases for the six months ended June 30, 2019 and four suppliers accounted for approximately 61% (21%, 15%, 14% and 11%) of the Company's revenues for the six months ended June 30, 2018.

 

The total outstanding accounts payable balance of Supplier A is $122,832 as of June 30, 2019.