XML 35 R25.htm IDEA: XBRL DOCUMENT v3.23.4
Concentrations
6 Months Ended
Jun. 30, 2023
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, 2023, accounts receivable, net, from three customers comprised an aggregate of approximately 72% 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, 2023, revenue from one customer individually exceeded 10% of revenue and comprised approximately 90% of the Company’s total revenue, compared to three customers that comprised approximately 41% of the Company’s total revenue for the three months ended June 30, 2022. For the six months ended June 30, 2023, revenue from one customers individually exceeded 10% of revenue and comprised approximately 84% of the Company’s total revenue compared to one customer that comprised approximately 11% of the Company’s total revenue during the six months ended June 30, 2022. At June 30, 2023 and 2022, no account payables from vendors accounted for 10% or more of the Company’s total expenses.