Annual report pursuant to Section 13 and 15(d)

BUSINESS CONCENTRATION

v3.23.1
BUSINESS CONCENTRATION
 12 Months Ended
Dec. 31, 2022
Risks and Uncertainties [Abstract]  
BUSINESS CONCENTRATION
 24. BUSINESS CONCENTRATION
There was no single customer that amounted to more than 10% of the Company’s total sales for the years ended December 31, 2022, 2021 and 2020.
Accounts receivable from customers that amounted to more than 10% of the Company’s accounts receivable as of December 31, 2022 and 2021 are as follows:
As of December 31,
2022 2021
Customer A * 22%
Customer B 10% 22%
Customer C * 13%
Customer D * 11%
      * Less than 10% of accounts receivable, net

The Company purchased inventory from vendors that amounted to more than 10% of the Company’s total purchases for the years ended December 31, 2022, 2021 and 2020 are as follows:
Year Ended December 31,
2022 2021 2020
Vendor A 24% 25% 23%
Vendor B 13% 11% 11%
Vendor C * * 15%
      * Less than 10% of total product purchases
There were no single vendor that amounted to more than 10% of the Company’s accounts payable and accrued expenses as of December 31, 2022. As of December 31, 2021, one vendor amounted to 24% of the Company’s accounts payable and accrued expenses.