Auto Parts And Equipment
If you’ve been a foul child, Santa leaves a lump of coal in your stocking. Merchandise shipped to SPT are accounted for as consigned inventory, and income is recognized when the products have been delivered and are thought-about as a sale to our finish prospects by SPT. For the years ended December 31, 2001 and 2002, SPT serviced finish buyer sales accounting for 29.7{a8cd37fca2592e56c7e20d9f2e59598720998764a5107f8863329714ee706905} and 57.4{a8cd37fca2592e56c7e20d9f2e59598720998764a5107f8863329714ee706905} of our web product revenues recognized. We ship products to, and have accounts receivable from, OEMs, ODMs, CEMs, stocking representatives, distributors, and our logistics heart. Our stocking representatives, distributors and logistics heart reship our products to our end clients, together with OEMs, ODMs, CEMs and end customers. No stocking representative or distributor serviced greater than 10.zero{a8cd37fca2592e56c7e20d9f2e59598720998764a5107f8863329714ee706905} of our end buyer gross sales in 2000, 2001 or 2002.
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