Note 5 - Concentrations

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE 5 - CONCENTRATIONS

Vendors

The Company’s concentration of inventory purchases is as follows:

	For the three months ended
	March 31,
	2023			2022
Vendor A		-	%		35	%
Vendor B		66	%		28	%
Vendor C		-	%		13	%
Vendor D		12	%		-	%

During the three months ended March 31, 2023 and 2022, purchases from two and three vendors, respectively, represented 78% and 76%, respectively, of total inventory purchases.

As of March 31, 2023 and December 31, 2022, amounts owed to these vendors totaled $417,000 and $200,000, respectively, which are included in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.

Accounts Receivable

The Company’s concentration of accounts receivable is as follows:

	March 31,			December 31,
	2023			2022
Customer A		20	%		15	%
Customer B		-	%		11	%
Customer C		14	%		-	%

Three customers made up more than 10% of net accounts receivable at March 31, 2023 and 2022. Customer A owed the Company a total of $158,000, representing 20% of net receivables at March 31, 2023. Customer C owed the Company a total of $110,000, representing 14% of net receivables at December 31, 2022. Customer A owed the Company a total of $184,000, representing 15% of net receivables at December 31, 2022. Customer B owed the Company a total of $136,000, representing 11% of net receivables at December 31, 2022. No customer exceeded 10% of total net sales for the three-month periods ended March 31, 2023 and 2022.