Customer and Supplier Concentration |
3 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Customer and Supplier Concentration |
13. Customer and Supplier Concentration
Significant dealers and suppliers are those that account for greater than 10% of the Company’s revenues and purchases.
During the three months ended March 31, 2023, two individual dealers had sales of over 10% of our total sales, and each customer represented 33% and 11% of total sales. During the three months ended March 31, 2022, three individual customers had sales of over 10% of our total sales, and combined these three customers represented 62% of total sales.
During the three months ended March 31, 2023, we purchased substantial portions of materials from three third-party vendors (51%). As of March 31, 2023, the amount due to the vendors was $1,674,884. During the three months ended March 31, 2022, we purchased substantial portions of materials from two third-party vendors (45%). At March 31, 2022, the amount due to the vendors was $1,051,772.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The entire disclosure for arrangements in which the entity has agreed to expend funds to procure goods or service from one or more suppliers, or to commit resources to supply goods or services to one or more customers. May include identification of the goods or services to be purchased, the goods or services to be furnished, identity of the buyer or seller, pricing, effects on pricing (such as penalties) of failing to reach minimum quantities required to be purchased, effects on pricing (such as penalties) of failing to deliver minimum quantities required to be furnished, cancellation rights, and termination provisions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|