|
The Company’s
concentration of credit risk includes its concentrations from key customers and vendors. The details of these significant customers
and vendors are presented in the following table for the years ended December 31, 2017 and 2016, as well as for the eleven months
ended November 30, 2018 and 2017:
| |
|
Eleven Months Ended November 30, 2018 |
|
Eleven Months Ended November 30, 2017 |
|
Year Ended
December 31,2017
|
|
Year Ended
December 31,2016
|
| |
|
Unaudited |
|
Unaudited |
|
|
|
|
| Sound Concept’s largest customers are presented below as a percentage of Sound Concept’s aggregate: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Revenue |
|
12% and 11% of revenue, or 23% of revenue in the aggregate |
|
17%, 16% and 11% of revenue, or 44% of revenue in the aggregate |
|
17%, 17% and 11% of revenue, or 45% of revenue in the aggregate |
|
38% and 12% of revenue, or 50% of revenue in the aggregate |
| |
|
|
|
|
|
|
|
|
| Accounts receivable |
|
13% and 15% of accounts receivable, or 28% of accounts receivable in the aggregate |
|
13% and 11% of accounts receivable, or 24% of accounts receivable in the aggregate |
|
24%, 13% and 13% of accounts receivable, or 50% of accounts receivable in the aggregate |
|
38% and 10% of accounts receivable, or 48% of accounts receivable in the aggregate |
| |
|
|
|
|
|
|
|
|
| Sound Concept’s largest vendors are presented below as a percentage of Sound Concept’s aggregate: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Purchase |
|
11% of purchase from one vendor |
|
None over 10% |
|
None over 10% |
|
15% of purchase from one vendor |
| |
|
|
|
|
|
|
|
|
| Accounts payable |
|
13% and 12% of accounts payable, or 25% of accounts payable in the aggregate |
|
12% and 11% of accounts payable, or 23% of accounts payable in the aggregate |
|
14% of accounts payable to one vendor |
|
21%, 16% and 11% of accounts payable, or 48% of accounts payable in the aggregate |
|