XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.4
Concentrations
6 Months Ended
Jun. 30, 2022
Concentrations [Abstract]  
CONCENTRATIONS

NOTE 18 CONCENTRATIONS

 

Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of trade accounts receivable. The Company performs ongoing credit evaluations of its customers and generally does not require collateral related to its trade accounts receivable. At June 30, 2022, accounts receivable from two customers comprised an aggregate of approximately 40% of the Company’s total trade accounts receivable, and none of these balances were characterized as uncollectible.

 

In addition, for the three months ended June 30, 2022, revenue from three customers individually exceeded 10% of revenue and, in total, comprised approximately 41% of the Company’s total revenue. For the six months ended June 30, 2022, revenue from one customer individually exceeded 10% of revenue and, in total, comprised approximately 11% of the Company’s total revenue. At June 30, 2022, accounts payable from one vendor accounted for 16% of the Company’s total expenses.