v3.25.1
Major Customer and Geographic Information
3 Months Ended
Mar. 31, 2025
Major Customer And Geographic Information  
Major Customer and Geographic Information

Note 9. 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

March 31

   2025  2024
Customer A   51%   68%
Customer B   12%   16%
Customer C   21%   0%

  

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:

        
   March 31
2025
   December 31
2024
 
Customer A   13%   15%
Customer B   75%   78%

 

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

March 31

   2025  2024
North America  $185,100   $77,700 
Asia   272,200    302,000 
Australia   21,700    18,600 
   $479,000   $398,300