Concentrations of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2025

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 32%, 26%, and 22% of operating revenues for the years ended December 31, 2025, 2024, and 2023, respectively. Our five largest customers accounted for approximately 29% of gross accounts receivable as of December 31, 2025 and 2024.

There was one customer that exceeded 10% of operating revenues for the year ended December 31, 2025. This customer had accounts receivable of $8.9 million as of December 31, 2025 and was the only customer that exceeded 10% of gross accounts receivable. There were no customers that exceeded 10% of operating revenues for the years ended 2024 and 2023, respectively and no customers exceeded 10% of gross accounts receivable as of 2024.