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Concentrations
12 Months Ended
Dec. 31, 2022
Concentrations [Abstract]  
CONCENTRATIONS

NOTE 19 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 December 31, 2022, accounts receivable from three customers comprised an aggregate of approximately 45%, 17%, and 10%, respectively, of the Company’s net trade accounts receivable, and none of these balances were characterized as uncollectible.

 

In addition, for the years ended December 31, 2022 and 2021, revenue from one and zero customers individually exceeded 10% of revenue and, in total, comprised approximately 39% and 0% of the Company’s total revenue, respectively. For our FastBack and DragonWave businesses, we do not have internal manufacturing capabilities and each relies upon a single, but different, outsourced manufacturer. At December 31, 2022, the Company did not have any vendors with accounts payable that accounted for more than 10% of the Company’s total expenses.