Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.23.1
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Summary of Customers Concentrations

For the three months ended March 31, 2023 and 2022, the following customers and vendors represented more than 10% of consolidated sales and purchases, respectively.

 

 

 

 

 

 

 

2023

 

2022

Customer A

 

23%

 

Customer B

 

14%

 

12%

Customer C

 

11%

 

11%

Customer D

 

 

23%

Vendor A

 

 

20%

Vendor B

 

 

11%

 

As of March 31, 2023 and 2022, the following customers and vendors represented more than 10% of accounts receivable and accounts payable balances, respectively.

 

 

 

 

 

 

 

2023

 

2022

Customer A

 

37%

 

Customer B

 

11%

 

Customer C

 

11%

 

14%

Customer D

 

 

20%

Customer E

 

10%

 

Customer F

 

 

28%

Vendor A

 

 

13%

Vendor B

 

 

13%

Schedule of Antidilutive Securities Excluded from Calculation of Earnings Per Share As of March 31, 2023 and 2022, the Company excluded the common stock equivalents summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive.

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Private Warrants

 

 

197,500

 

 

 

197,500

 

Public Warrants

 

 

10,800,000

 

 

 

10,800,000

 

Warrants - January Offering

 

 

10,294,118

 

 

 

10,294,118

 

Restricted Stock Awards - unvested

 

 

727,792

 

 

 

400,500

 

 

 

22,019,410

 

 

 

21,692,118