v3.24.3
Concentrations
9 Months Ended
Sep. 30, 2024
Risks and Uncertainties [Abstract]  
Concentrations Concentrations
Concentration of Credit Risk. The Company’s customer base is concentrated with a relatively small number of customers. The Company does not generally require collateral or other security to support accounts receivable. To reduce credit risk, the Company performs ongoing credit evaluations on its customers’ financial condition. The Company establishes allowance for credit losses based upon factors surrounding the credit risk of customers, historical trends, and other information.
For the nine months ended September 30, 2024, the Company had three customers representing 52% of revenue earned, and for the nine months ended September 30, 2023, the Company had three customers representing 52%
of revenue earned. Any customer that represents 10% or greater of total revenue represents a risk. The Company also has three customers that represent 41% and three customers that represent 54% of the total accounts receivable as of September 30, 2024, and December 31, 2023, respectively.