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Concentrations
12 Months Ended
Dec. 31, 2024
Risks and Uncertainties [Abstract]  
Concentrations Concentrations:
Concentration of Credit Risk—The Company maintains its cash balances in financial institutions that are insured by the Federal Deposit Insurance Corporation up to $250 each. At times, such balances may be in excess of the FDIC insurance limit.
Major Customers—In 2024, 2023 and 2022, net sales to one of our distributors accounted for 8%, 9%, and 8% of our net sales, respectively. In 2024, 2023 and 2022, one customer accounted for more than 10% of our net sales, respectively. As of December 31, 2024, one distributor and two customers accounted for 15%, 26%, and 15% respectively, of our accounts receivable. As of December 31, 2023, one distributor and two customers accounted for 15%, 21%, and 13% respectively, of our accounts receivable.
Major Suppliers—The Company purchased approximately 70% of its raw materials from three vendors during 2024, approximately 67% of its raw materials from three vendors during 2023, and approximately 52% of its raw materials from two vendors during 2022.
The Company purchased approximately 80% of its packaging material from two vendors during 2024, 78% of its packaging material from two vendors during 2023, and approximately 80% of its packaging material from two vendors during 2022.