Concentration of risk |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Concentration of risk | |
| Concentration of risk | Note 15. Concentration of risk
Credit risk
The Company’s concentration of credit risk relates to financial institutions holding the Company’s cash. The Company maintains cash deposits with financial institutions that may exceed federally insured limits at times. The insurance coverage for cash deposits at each bank is $250,000. As of December 31, 2025, a cash balance of $1,982,747 deposited with three financial institutions was uninsured. Management believes that the financial institutions that hold the Company’s deposits are financially credit worthy and, accordingly, minimal credit risk exists with respect to those balances.
Customer concentration risk
For the year ended December 31, 2025 and 2024, no customer accounted for more than 10% of the Company’s total revenues.
Vendor concentration risk
For the year ended December 31, 2025 and 2024, no vendor accounted for over 10% of the Company’s total purchases. |