Concentrations

3 Months Ended

Mar. 31, 2023

Risks and Uncertainties [Abstract]

Concentrations

Concentrations

Concentration of Credit Risk. The Company’s customer base is concentrated with a relatively small number of customers. The Company does not generally require collateral or other security to support accounts receivable. To reduce credit risk, the Company performs ongoing credit evaluations on its customers’ financial condition. The Company establishes allowances for doubtful accounts based upon factors surrounding the credit risk of customers, historical trends, and other information.

For the three months ended March 31, 2023 and 2022, the Company had three customers representing 60% and 70% of revenue earned, respectively. Any customer that represents 10% or greater of total revenue represents a risk. The Company also has four customers that represent 38% and 60% of the total accounts receivable as of March 31, 2023 and December 31, 2022, respectively.