CONCENTRATIONS
 6 Months Ended
Jun. 30, 2023
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 10 – CONCENTRATIONS

 

Customer Concentrations

 

The following table sets forth information as to each customer that accounted for 10% or more of the Company’s revenues for the following periods:

    

   Three Months Ended
June 30,		   Six Months Ended
June 30,		 
Customer  2023   2022   2023   2022 
Customer B   26.7%   39.5%   25.5%   26.2%
Customer C   29.8%   29.7%   28.5%   21.6%
Customer D   24.2%   24.6%   26.0%   21.5%
Total   80.7%   93.8%   80.0%   69.3%

 

The following table sets forth information as to each customer that accounted for 10% or more of the Company’s trade accounts receivable as of:

 

Customer 

June 30,

2023

  

December 31,

2022

 
Customer A    *     50.5%
Customer B   29.5%   11.2%
Customer C   46.7%   15.2%
Customer D   18.4%   13.1%
Total   94.6%   90.0%

 

* Less than 10%.

 

A reduction in sales from or loss of these customers, in a significant amount, could have a material adverse effect on the Company’s results of operations and financial condition.

 

Supplier Concentrations

 

The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s cost of revenues for the following periods:

    

   Three Months Ended
June 30,		   Six Months Ended
June 30,		 
Supplier  2023   2022   2023   2022 
Supplier A   66.5%   54.7%   41.8%   27.4%
Supplier C   *    16.9%   *    * 
Total   66.5%   71.6%   41.8%   27.4%

 

* Less than 10%.

 

 

Motorsport Games Inc. and Subsidiaries

Notes to Unaudited Condensed Consolidated Financial Statements