NOTE N – BUSINESS CONCENTRATION

For the year ended December 31, 2020, two customers represented approximately 28% of total net revenues. For the year ended December 31, 2019, two customers represented approximately 26% of total net revenues.

As of December 31, 2020, one customer represented 21% of the Company’s net accounts receivable. As of December 31, 2019, two customers represented 26% and 10% of the Company’s net accounts receivable.

Purchases from one supplier approximated $2,287,950, or 91%, of total purchases for the year ended December 31, 2020 and approximately $3,356,000, or 84%, of total purchases for the year ended December 31, 2019. The amount due to this supplier, net of deposits paid, was approximately $470,000 and $579,000 as of December 31, 2020 and 2019, respectively.