Note 17 - Concentrations

9 Months Ended

Sep. 30, 2022

Concentration Risk Disclosure [Text Block]

17.

CONCENTRATIONS

The Company’s major product lines in 2021 and 2022 were electric power transmission and distribution maintenance and service, utility-scale solar construction projects and telecommunications maintenance and service.

The Company had the following revenue concentrations by customer greater than 10% of consolidated revenue:

	For the Three Months Ended September 30,
Customer	2022			2021
Customer 1	20		%		<10%
Customer 2		16	%		<10%
Customer 3	19		%		<10%
Customer 4		13	%	16		%
Customer 5		12	%		<10%
Total concentrations		80	%		16	%

	For the Nine Months Ended September 30,
Customer	2022			2021
Customer 1		14	%		<10%
Customer 2		21	%		<10%
Customer 3		18	%		<10%
Customer 4		14	%		14	%
Total concentrations		67	%		14	%

The Company did not have geographic revenue concentrations outside the U.S.A. greater than 10% of consolidated revenue.

The Company had the following gross trade accounts receivable concentrations by customer greater than 10% of gross trade accounts receivable:

	As of September 30,			As of December 31,
Customer	2022			2021
Customer 2		22	%		30	%
Customer 4	29		%		<10%
Customer 5		17	%		<10%
Customer 3		<10%			16	%
Total concentrations		68	%		46	%

The Company did not have geographic concentrations outside of the U.S.A. greater than 10% of gross trade accounts receivable.

For the three months ended September 30, 2022, the Company had three supplier concentrations of approximately 14%, 13%, and 11% in the Renewables segment and zero supplier concentrations for the nine months ended September 30, 2022. In the three months ended September 30, 2021, the Company did not have any supplier concentration over 10%. In the nine months ended September 30, 2021, the Company had one supplier concentration at approximately 10% in the Electric Power segment.