Stryve Foods, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Accounting Policies [Abstract]

Summary of Customers and Vendor Concentrations

For the six months ended June 30, 2022 and 2021, customer concentrations in excess of 10% consolidated sales are as follows:

	Six Months Ended June 30,						Period Ended June 30,
	2022			2021			2022			2021
	Sales						Accounts Receivable
Customer A		46	%		—			22	%		—
Customer B		—			—			29	%		—
Customer C		—			15	%		—			23	%
Customer D					—			—			13	%
Customer E		—			12	%		—			—

For the year ended December 31, 2021 and 2020, customers and vendor concentrations in excess of 10% of consolidated sales and purchases are as follows:

		For the Year
		Ended December, 31
		2021			2020
Customers:
	Customer A		12	%		27	%
	Customer B		11	%		13	%
	Customer C		10	%		-
Vendor:
	Vendor A		-			19	%

As of December 31, 2021 the following customers represented more than 10% of accounts receivable balances. No vendors represented more than 10% of the accounts payable balance:

		Accounts			Accounts
		Receivable			Payable
Customers:
	Customer A		19	%		-
	Customer B		15	%		-
Vendors:						-
	Vendor A		-			10	%

Summary of Net Sales Disaggregated by Channel

The following table shows the net sales of the Company disaggregated by channel for the year ended December 31, 2021 and 2020 (in thousands):

	For the Year
	ended December 31,
(In thousands)	2021		2020
e-Commerce	$	10,874	$	6,284
Wholesale		13,654		6,151
Private label		5,554		4,567
Ending balance	$	30,082	$	17,002