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Concentrations
12 Months Ended
Dec. 31, 2023
Risks and Uncertainties [Abstract]  
Concentrations

Note 8. Concentrations.

 

Concentration of Major Customers

 

As of December 31, 2023, the Company’s trade accounts receivable from one customer represented approximately 81% of its accounts receivable. As of December 31, 2022, the Company’s trade accounts receivable from one customer represented approximately 83% of its accounts receivable.

 

For the year ended December 31, 2023, the Company received approximately 63% of its revenue from one customer. The specific concentrations were Customer A, 63%. For the year ended December 31, 2022, the Company received approximately 73% of its revenue from two customers.

 

Concentration of Supplier Risk

 

The Company had 5 vendors that accounted for approximately 70% of purchases during the year ended December 31, 2023, related to operations. Specific concentrations were Vendor A 16%, Vendor B 11%, Vendor C11%, vender D 19% and Vendor E 12%. For the year ended December 31, 2022, the Company had 4vendors that accounted for approximately 58% of purchases.