Concentrations of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2021

Concentrations of Credit Risk and Major Customers [Abstract]

Concentration of Credit Risk and Major Customers

Concentrations of Credit Risk and Major Customers

Our major customers represent primarily the consumer goods, appliances, food products and automotive industries. Credit is granted to customers on an unsecured basis. Our five largest customers accounted for approximately 36%, 34%, and 36% of operating revenues for the years ended December 31, 2021, 2020, and 2019, respectively. Our five largest customers accounted for approximately 33% and 30% of gross accounts receivable as of December 31, 2021 and 2020, respectively.

There was one customer that accounted for 10.0% of operating revenues for the year ended December 31, 2021 and no customers exceeded 10%. This customer had accounts receivable of $6.1 million as of December 31, 2021. During the year ended December 31, 2020 there was no single customer that accounted for more than 10% of operating revenues. During the year ended December 31, 2019, there was one customer that accounted for more than 10% of operating revenues at 10.9%.