Quarterly report pursuant to Section 13 or 15(d)

Major Customers and Vendors

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Major Customers and Vendors
3 Months Ended
Mar. 31, 2020
Major Customers and Vendors  
Major Customers and Vendors

11.        Major Customers and Vendors:

 

The Company had two major vendors that accounted for 22% and 14%, respectively, of total purchases during the three months ended March 31, 2020 and 28% and 16%, respectively, of total purchases during the three months ended March 31, 2019.

 

The Company had two major customers that accounted for 27% and 14%, respectively, of its net sales during the three months ended March 31, 2020 and 26% and 18%, respectively, of its net sales during the three months ended March 31, 2019. These same customers accounted for 43% and 9%, respectively, of total net accounts receivable as of March 31, 2020 and 43% and 12%, respectively, of total net accounts receivable as of December 31, 2019.