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CONCENTRATIONS
6 Months Ended
Jun. 30, 2022
CONCENTRATIONS  
16. CONCENTRATIONS

16. CONCENTRATIONS

 

Cash Concentrations

 

At times, cash balances held in financial institutions are in excess of federally insured limits. Management performs periodic evaluations of the relative credit standing of financial institutions and limits the amount of risk by selecting financial institutions with a strong credit standing.

 

Major Customers

 

Our largest customer accounted for approximately 15% and 14% of our revenues for the six months ended June 30, 2022 and 2021, respectively. Our largest customer had accounts receivable totaling approximately $164,000 and $95,000 as of June 30, 2022, and December 31, 2021, respectively.