Annual report pursuant to Section 13 and 15(d)

Concentration of Credit Risk

v3.19.3.a.u2
Concentration of Credit Risk
12 Months Ended
Dec. 31, 2019
Risks And Uncertainties [Abstract]  
Concentration of Credit Risk

(12)   Concentration of Credit Risk

 

(a)

Concentration of Sales and Accounts Receivable

The following represents customers that accounted for 10% or more of total revenue during the years ended December 31, 2019, 2018, and 2017, and customers that accounted for 10% or more of total trade accounts receivable at December 31, 2019 and 2018:

 

 

 

 

For the year ended December 31

 

 

 

2019

 

 

2018

 

 

2017

 

Percentage of net revenue

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

 

36

%

 

 

36

%

 

 

21

%

Customer B

 

 

14

%

 

 

8

%

 

 

13

%

Customer C

 

 

5

%

 

 

7

%

 

 

10

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31

 

 

 

 

 

 

 

2019

 

 

2018

 

 

 

 

 

Percentage of gross trade accounts receivable

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

 

33

%

 

 

32

%

 

 

 

 

Customer B

 

 

14

%

 

 

0

%

 

 

 

 

Customer C

 

 

3

%

 

 

14

%

 

 

 

 

Customer D

 

 

5

%

 

 

14

%

 

 

 

 

 

 

(b)

Concentration of Purchases

During the years ended December 31, 2019 and 2018, all of the Company’s products were manufactured in our Scottsdale, Arizona facilities and by two vendors in China. During the year ended December 31, 2017, all the Company’s products were manufactured in Shullsburg, Wisconsin and Scottsdale, Arizona facilities and by two vendors in China. The Shullsburg, Wisconsin facility was closed in July 2017.