P&F INDUSTRIES INC

During the three and six-month periods ended June 30, 2021, revenue attributable to Amazon stated as a percentage of the Company’s total revenue, was 8.1% and 10.1%, respectively, and 8.4% and 8.5% of the Company’s total net revenue for the same periods in the prior year.

Additionally, during the three-month periods ended March 31, 2021 and 2020, revenue attributable to Amazon.Com, Inc (“Amazon”) was 12.1% and 8.6%, respectively, of the Company’s total net revenue.

Accounts receivable attributable to Amazon.Com, Inc., (“Amazon”) at September 30, 2021, and December 31, 2020, was 0.1% and 15.8%, respectively, of total net accounts receivable.

We believe that The Home Depot's ("THD"s) purchase level of spray guns during the COVID-19 pandemic (2020 and 2021) were likely used by their customers to sanitize large areas.

See Note 9 - CARES Act to the Company’s consolidated financial statements for further discussion.The accompanying consolidated financial statements have been prepared on a going concern basis under which the Company is expected to be able to realize its assets and satisfy its liabilities in the normal course of business.Customer ConcentrationAt September 30, 2021, and December 31, 2020, accounts receivable from The Home Depot (“THD”) was 33.8% and 38.0%, respectively, of total accounts receivable.

See Note 9 - CARES Act to the Company’s consolidated financial statements for further discussion.The accompanying consolidated financial statements have been prepared on a going concern basis under which the Company is expected to be able to realize its assets and satisfy its liabilities in the normal course of business.Customer ConcentrationAt June 30, 2021, and December 31, 2020, accounts receivable from The Home Depot (“THD”) was 38.1% and 38.0%, respectively, of total accounts receivable.

At March 31, 2021 and December 31, 2020, accounts receivable from The Home Depot (“THD”) was 36.8% and 38.0%, respectively, of total accounts receivable.