Concentrations of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2022

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 27%, 36%, and 34% of operating revenues for the years ended December 31, 2022, 2021, and 2020, respectively. Our five largest customers accounted for approximately 23% and 33% of gross accounts receivable as of December 31, 2022 and 2021, respectively.

There were no customers that exceeded 10% of operating revenues for the years ended December 31, 2022 and December 31, 2020, respectively. During the year ended December 31, 2021 there was one single customer that accounted for 10% of operating revenues. This customer had accounts receivable of $6.1 million as of December 31, 2021.