Concentration of Credit Risk and Major Customers

9 Months Ended

Sep. 30, 2024

Concentration of Credit Risk and Major Customers

Concentration of Credit Risk and Major Customers

9. Concentration of Credit Risk and Major Customers

For the three months ended September 30, 2024, two customers represented approximately 52% and 42%, respectively, of our total revenues. For the nine months ended September 30, 2024, three customers represented approximately 46%, 33% and 14%, respectively, of our total revenues.

For the three months ended September 30, 2023, three customers represented approximately 37%, 37% and 24%, respectively, of our total revenues. For the nine months ended September 30, 2023, three customers represented approximately 41%, 34% and 24%, respectively, of our total revenues.

As of September 30, 2024, three customers represented approximately 58%, 33% and 9%, respectively of our outstanding accounts receivable and unbilled receivables.

As of December 31, 2023, three customers represented approximately 64%, 26% and 9%, respectively of our outstanding accounts receivable and unbilled receivables.