Customer and Supplier Concentrations |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Customer and Supplier Concentration [Abstract] | |
| Customer and Supplier Concentrations | Note 20. Customer and Supplier Concentration
Significant customers and suppliers are those that account for greater than 10% of the Company’s revenue and purchases, respectively.
The Company sold a substantial portion of products to two customers (24.91% and 12.98% of total revenue) during fiscal year 2025.
The Company sold a substantial portion of products to two customers (41.97% and 10.54% of total revenue) during fiscal year 2024.
The Company sold a substantial portion of products to one customer (22.68% of total revenue) during fiscal year 2023.
The loss of any significant customers or the failure to attract new customers could have a material adverse effect on the Operating Entity’s business, and the Company’s consolidated results of operations and financial condition.
For the year ended December 31, 2025, one supplier contributed approximately 17.71% of total purchases made by the Company.
For the year ended December 31, 2024, three suppliers contributed approximately 24.45%, 18.40%, and 11.61% of total purchases made by the Company, respectively.
For the year ended December 31, 2023, three suppliers contributed approximately 16.46%, 12.63%, and 10.25% of total purchases made by the Company, respectively.
The loss of any significant suppliers or the failure to purchase key raw materials could have a material adverse effect on the Operating Entity’s business, and the Company’s consolidated results of operations and financial condition. |