CONCENTRATION (Tables)

12 Months Ended

Jun. 30, 2021

Customers who accounted for 10% or more of the Company’s revenues (goods sold and services) and its outstanding balance of accounts receivable are presented as follows

Customers who accounted for 10% or more of the Company’s revenues (goods sold and services) and its outstanding balance of accounts receivable are presented as follows:

	For the Year Ended June 30, 2021					As of June 30, 2021
	Revenue		Percentage of total revenue			Accounts receivable		Percentage of total accounts receivable

Customer A	$	2,323,869		16	%	$	0		0	%
Customer B		1,931,936		14	%		0		0	%
Customer C		1,488,695		10	%		0		0	%
Total	$	5,744,500		40	%	$	0		0	%

	For the Year Ended June 30, 2020					As of June 30, 2020

	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable

Customer A	$	3,235,320		16	%	$	648,786		20	%
Customer B		2,168,387		11	%		0		0	%
Total	$	5,403,707		27	%	$	648,786		20	%

The suppliers who accounted for 10% or more of the Company’s total purchases (materials and services) and its outstanding balance of accounts payable are presented as follow

The suppliers who accounted for 10% or more of the Company’s total purchases (materials and services) and its outstanding balance of accounts payable are presented as follows:

	For the Year Ended June 30, 2021					As of June 30, 2021
	Purchase		Percentage of total purchase			Accounts payable		Percentage of total accounts payable

Supplier A	$	1,786,674		18	%	$	55,820		1	%
Supplier B		1,151,483		12	%		537,335		11	%
Total	$	2,938,157		30	%	$	593,155		12	%

	For the Year Ended June 30, 2020					As of June 30, 2020
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of total accounts payable

Supplier A - related party	$	1,630,684		10	%	$	0		0	%
Supplier B		3,053,591		18	%		218,709		8	%
Total	$	4,684,275		28	%	$	218,709		8	%

IONIX TECHNOLOGY, INC. S-1