v3.25.4
Note 3 - Significant Customers and Concentration of Risks
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

3. SIGNIFICANT CUSTOMERS AND CONCENTRATION OF RISKS

 

Significant Customers

 

A material part of the Company’s business is dependent on a few customers, the loss of which could have a material adverse effect on the Company. The tables below present customers representing greater than 10% of total revenues and/or outstanding accounts receivable as of and for the years ended December 31, 2025 and 2024 (in thousands):

 

  

For the Year Ended December 31,

 

Revenue

 

2025

  

%

  

2024

  

%

 

Customer 1

 $22,425   32.9% $24,599   33.6%

Customer 2

  13,248   19.4%  14,115   19.3%

Customer 3

  9,896   14.5%  6,082   8.3%
  $45,569   66.8% $44,796   61.1%

 

  

At December 31,

 

Accounts Receivable

 

2025

  

%

  

2024

  

%

 

Customer 1

 $479   15.3% $238   3.8%

Customer 2

  426   13.6%  1,077   17.3%

Customer 3

  399   12.7%  846   13.6%

Customer 4

  117   3.7%  1,278   20.5%
  $1,421   45.4% $3,439   55.1%

 

No other customer represented more than 10% of the Company’s total revenue or accounts receivable as of and for the years ended December 31, 2025 and 2024.