v3.25.4
Accounts Receivable, Net
 12 Months Ended
Dec. 31, 2025
Accounts Receivable Net  
Accounts Receivable, Net

NOTE 4 – ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consist of the following:

 

 

December 31, 2025

 

 

December 31, 2024

 

Accounts receivable

 

$

34,070

 

 

$

33,399

 

Less: Allowance for credit losses

 

 

—

 

 

 

—

 

Accounts receivable, net

 

$

34,070

 

 

$

33,399

 

 

Charges to provisions for credit losses are summarized as follows:

 

Allowance for credit losses

 

Balance at
beginning
of period

 

 

Charges
to costs and
expenses

 

 

Amount
utilized

 

 

Balance
at end of
period

 

Year ended December 31, 2025

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Year ended December 31, 2024

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Year ended December 31, 2023

 

$

(2,990

)

 

$

—

 

 

$

2,990

 

 

$

—

 

 

Concentration of credit risk with respect to accounts receivable is limited due to the Company’s large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company’s trade receivables. For the years ended December 31, 2025 and 2024, only one customer accounted for 10.0% or more of the Company’s total revenues and represented approximately 14.8% and 11.3%, respectively, of the Company’s total revenues. For the year ended December 31, 2023, no customer accounted for 10.0% or more of the Company’s total revenues.