Replies to post #32153 on Transportation and Logistics Systems Inc (TLSS)

[SooS416]

It does, right in the 10Q, though that was for Q1 2019, for Q1 2020 it was 98% of revenue


This is copies right from the 10Q

For the three months ended March 31, 2020 and 2019, one customer, Amazon, represented 97.9% and 99.0% of the Company’s total net revenues. At March 31, 2020, this one customer represented 93.9% of the Company’s accounts receivable balance. On June 19, 2020, Amazon Logistics, Inc. (“Amazon”) notified Prime EFS in writing that Amazon does not intend to renew its Delivery Service Partner (DSP) Agreement with Prime EFS when that agreement expires (see Note 13 – Subsequent Events).



During the three months ended March 31, 2020 and 2019, the Company rented delivery vans and trucks from a limited number of vendors. Any shortage of supply of vans and trucks available to rent to the Company could have a material adverse effect on the Company’s business, financial condition and results of operations.