Concentration Risk |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Risks and Uncertainties [Abstract] | |
| Concentration Risk | 17. Concentration Risk
Concentration of Credit Risk
Assets that potentially subject the Group to significant concentrations of credit risk primarily consist of cash and cash equivalents, and accounts receivable. As of June 30, 2025 and December 31, 2024, the cash and cash equivalents are deposited within federally insured banks, which are typically below the insured limits. There is one customer representing 21.7% of total accounts receivable as of June 30, 2025. As of December 31, 2024, there was no customer of which the accounts receivable accounted for 10% or more of total accounts receivable.
Concentration of Customers and Suppliers
For the six months ended June 30, 2025, there were two customers representing 39.1% and 22.5% of total net revenues, respectively.
For the six months ended June 30, 2024, there were three customers representing 38.0%, 19.7% and 18.2% of total net revenues, respectively.
During the six months ended June 30, 2025 and 2024, there were no vendors representing 10% or more of total purchases.
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