v3.25.2
NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Concentration of Credit Risks (Policies)
6 Months Ended
Jun. 30, 2025
Policies  
Concentration of Credit Risks

Concentration of Credit Risks

 

The Company is subject to concentrations of credit risk primarily from cash and cash equivalents and accounts receivable.

 

The Company’s cash and restricted cash accounts are held at a financial institution and are insured by the Federal Deposit Insurance Corporation, or the FDIC, up to $250,000. From time-to-time, the Company’s bank balances exceed the FDIC insurance limit. To reduce its risk associated with the failure of such financial institutions, the Company periodically evaluates the credit quality of the financial institution in which it holds deposits.

 

Concentrations

 

The Company had two customers which accounted for 63% of accounts receivable as of June 30, 2025. During the three and six months ended June 30, 2025, one customer accounted for 66% and 52% of the Company’s revenues, respectively. The Company may be negatively affected by the loss of one of these customers.