Note 3 - Significant Customers and Concentration of Risks

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

3. SIGNIFICANT CUSTOMERS AND CONCENTRATION OF RISKS

Significant Customers

A material part of the Company’s business is dependent on a few customers, the loss of which could have a material adverse effect on the Company. The tables below present customers representing greater than 10% of total revenues and/or outstanding accounts receivable as of and for the years ended December 31, 2024 and 2023 (in thousands):

	For the Year Ended December 31,
Revenue	2024		%			2023		%
Customer 1	$	24,599		33.6	%	$	378		0.5	%
Customer 2		14,115		19.3	%		13,514		18.5	%
	$	38,714		52.8	%	$	13,892		19.0	%

	At December 31,
Accounts Receivable	2024		%			2023		%
Customer 1	$	1,278		20.5	%	$	1,120		14.4	%
Customer 2		1,077		17.3	%		378		4.9	%
	$	2,355		37.7	%	$	1,498		19.3	%

No other customer represented more than 10% of the Company’s total revenue or accounts receivable as of and for the years ended December 31, 2024 and 2023.