NOTE J – BUSINESS CONCENTRATION

For the six months ended June 30, 2020, one customer represented approximately 14% of total net revenues. For the six months ended June 30, 2019, three customers represented approximately 38% of total net revenues.

As of June 30, 2020, four customers accounted for approximately 54% of the Company’s net accounts receivable. As of December 31, 2019, two customers represented 36% of the Company’s net accounts receivable.

Purchases from one supplier approximated $838,000, or 85%, of total purchases for the six months ended June 30, 2020 and approximately $1,855,000, or 83%, of total purchases for the six months ended June 30, 2019. The amount due to this supplier, net of deposits paid, was approximately $79,000 and $579,000 as of June 30, 2020 and December 31, 2019, respectively.