v3.25.2
Major Customer and Geographic Information
6 Months Ended
Jun. 30, 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

June 30

  

Six Months ended

June 30

 
   2025   2024   2025   2024 
Customer A   58%   69%   54%   69%
Customer B   24%   14%   17%   15%
Customer C           12%    

 

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 
   2025   2024 
Customer A   13%   15%
Customer B   76%   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

June 30

   

Six Months ended

June 30

 
    2025     2024     2025     2024  
North America   $ 136,600     $ 87,300     $ 321,700     $ 165,000  
South America           600             600  
Asia     210,200       357,300       482,400       659,300  
Australia     13,200       13,800       34,900       32,400  
    $ 360,000     $ 459,000     $ 839,000     $ 857,300