Concentration of Customers
|6 Months Ended|
Jun. 30, 2019
|Risks and Uncertainties [Abstract]|
|Concentration of Customers||
NOTE 19 - CONCENTRATION OF CUSTOMERS
For the six-month period ended June 30, 2019 and as of June 30, 2019, one customer accounted for 23% of the Company’s revenue and two customers accounted for 34% and 10% of the Company’s accounts receivable. Two customers accounted for 22% and 20% of finance receivables as of June 30, 2019.
For the six-month period ended June 30, 2018 and as of June 30, 2018, three customers accounted for 26%, 11% and 11% of the Company’s revenue and one customer accounted for 32% of the Company’s accounts receivable. One customer accounted for 18% of finance receivables as of June 30, 2018.
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef