RE:RE:RE:App has me wondering....Gives and example of Parcelpal Revenue below: (This came from the June 9 MD&A on sedar.com) I think we all know PKG App is customer B and Amazon and other contracts are Customer A. Let's stick to what works and remove the rest.
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Revenue
The Company currently has two revenue streams. One is through the application known as ParcelPal and the other through billable contracts such as Amazon.com Inc and other merchants.
In fiscal 2019, revenue consisted of orders through the ParcelPal application, which constitute a delivery fee and convenience fee. These orders come from either restaurant, B2B or liquor orders. Revenue is recognized upon delivery of the item(s). ParcelPal also bills Amazon.com Inc. on a weekly basis with terms of net 30 payment schedule. Additionally, the Company completes some deliveries for corporate customers not on the platform for a flat rate fee.
| SEGMENTED INFORMATION | | | | |
| | | | | | |
| Significant customer sales are as follows: | | | | |
| | | December 31, | December 31, | December 31, | December 31, |
| | | 2019 | 2019 | 2018 | 2018 |
| Customers | Location | $ | % | $ | % |
| Customer A | Canada | 4,722,577 | 99 | 3,365,040 | 100 |
| Customer B | Canada | 60,288 | 1 | 4,590 | - |