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Major Customer and Geographic Informatio
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Major Customer and Geographic Informatio

Note 10. Major Customer and Geographic Information

 

The Company’s revenues, expressed as a percentage of total revenues, from non-affiliated customers that equaled 10% or more of the Company’s total revenues were:

                 
  

Three Months ended

June 30

  

Six Months ended

June 30

 
   2024   2023   2024   2023 
Customer A   69%   67%   69%   69%
Customer B   14%   20%   15%   16%

 

The Company’s non-affiliate customers whose individual balances amounted to more than 10% of the Company’s net accounts receivable, expressed as a percentage of net accounts receivable, were:

         
   June 30   December 31 
   2024   2023 
Customer A        
Customer B   81%   82%

 

The Company performs ongoing credit evaluations of its customers and generally does not require collateral. The Company also maintains allowances for potential credit losses. The loss of a major customer could have a material adverse effect on the Company’s business operations and financial condition.

 

The Company’s revenues by geographic region are as follows:

                 
  

Three Months ended

June 30

  

Six Months ended

June 30

 
   2024   2023   2024   2023 
North America  $87,300   $145,800   $165,000   $273,600 
South America   600        600     
Asia   357,300    435,200    659,300    876,700 
Australia   13,800    18,200    32,400    41,000 
   $459,000   $599,200   $857,300   $1,191,300