Note 5 – Accounts Receivable, Net

Accounts receivable are stated at their estimated net realizable value. The Company evaluates the collectability of trade receivables on an ongoing basis and establishes an allowance for doubtful accounts as needed based on a combination of factors, including historical collection experience, the financial condition of customers, specific account reviews, and current economic conditions. Management believes the allowance for doubtful accounts is adequate to cover expected credit losses. The allowance for doubtful accounts was $25,586 at both December 31, 2025 and December 31, 2024.

The Company has certain customers whose revenue or accounts receivable balances individually represent 10% or more of total net revenue or total accounts receivable, respectively. For the year ended December 31, 2025, three customers accounted for approximately 96.8% of net revenue and 97% of accounts receivable. For the year ended December 31, 2024, two customers accounted for approximately 99% of net revenue and 90% of accounts receivable.