NOTE N – BUSINESS CONCENTRATION

For the year ended December 31, 2021, one customer represented approximately 18% of total net revenues. For the year ended December 31, 2020, there were two customers each representing over 10%, accounting for approximately 28% of total net revenues.

As of December 31, 2021, there were five customers, each representing over 10% of the Company’s net accounts receivable, accounting for 64% of the Company’s net accounts receivable. As of December 31, 2020, there was only one customer representing over 10% for 21% of the Company’s net accounts receivable.

Purchases from one supplier approximated $1,878,803, or 82%, of total purchases for the year ended December 31, 2021 and approximately $2,287,950, or 91%, of total purchases for the year ended December 31, 2020. The amount due to this supplier, net of deposits paid, was approximately $134,000 and $470,000 as of December 31, 2021 and 2020, respectively.