Quarterly report pursuant to Section 13 or 15(d)

Major Customers and Vendors

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Major Customers and Vendors
6 Months Ended
Jun. 30, 2020
Major Customers and Vendors  
Major Customers and Vendors

13.        Major Customers and Vendors:

 

The Company had two major vendors that accounted for 16% and 10%, respectively, of total purchases during the three months ended June 30, 2020 and 21% and 15%, respectively, of total purchases during the three months ended June 30, 2019. The Company had two major vendors that accounted for 19% and 10%, respectively, of total purchases during the six months ended June 30, 2020 and 27% and 15%, respectively, of total purchases during the six months ended June 30, 2019.

 

The Company had two major customers that accounted for 29% and 18%, respectively, of its net sales during the three months ended June 30, 2020 and 27% and 18%, respectively, of its net sales during the three months ended June 30, 2019. The Company had two major customers that accounted for 29% and 18%, respectively, of its net sales during the six months ended June 30, 2020 and 26% and 18%, respectively, of its net sales during the six months ended June 30, 2019. These same customers accounted for 22% and 14%, respectively, of total net accounts receivable as of June 30, 2020 and 43% and 12%, respectively, of total net accounts receivable as of December 31, 2019.