Concentrations of Risk

9 Months Ended

Sep. 30, 2025

Fair Value, Concentration of Risk, Financial Assets, Balance Sheet Groupings [Abstract]

Concentrations of Risk

Note 5. Concentrations of Risk

Customers

Customers that accounted for 10% or more of the Company’s revenues and outstanding balance of accounts receivable were as follows:

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,		As of	As of
	2025	2024	2025	2024	September 30, 2025	December 31, 2024
Distributor customer A	24%	19%	23%	18%	20%	17%

The Company’s customers that are distributors, as opposed to direct customers, represent highly diversified customer bases.

Suppliers

Suppliers that accounted for 10% or more of the Company’s inventory purchases and outstanding balance of accounts payable were as follows:

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,		As of	As of
	2025	2024	2025	2024	September 30, 2025	December 31, 2024
Distributor supplier A	32%	37%	30%	37%	23%	18%
Direct supplier A	20%	*	22%	*	*	*
Direct supplier B	*	*	10%	*	*	*
Direct supplier C	23%	10%	12%	12%	*	*

* Represents less than 10%.

The Company’s suppliers that are distributors, as opposed to direct suppliers, represent highly diversified supplier bases.