Concentration of Credit Risk |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Concentration of Credit Risk [Abstract] | |
| Concentration of Credit Risk | Note 6 – Concentration of Credit Risk
Cash and cash equivalents
The Company maintains its cash and cash equivalents in banks insured by the Federal Deposit Insurance Corporation (FDIC) in accounts that at times may be in excess of the federally insured limit of $250,000 per bank. The Company minimizes this risk by placing its cash deposits with major financial institutions. At December 31, 2025 and 2024, the uninsured balance amounted to $2,450,399 and $503,215, respectively.
Accounts receivable
As of December 31, 2025 and 2024, one customer accounted for 71% and 74%, respectively, of the Company’s accounts receivable. Major customers
For the years ended December 31, 2025 and 2024, two customers accounted for approximately 79% and 73%, respectively, of the Company’s revenue. Substantially all of the Company’s business is with companies in the United States.
Accounts payable
As of December 31, 2025 and 2024, two and four vendors accounted for 64% and 69%, respectively, of the Company’s accounts payable.
Major suppliers
For the year ended December 31, 2025, two suppliers accounted for approximately 46% of the Company’s purchases. For the year ended December 31, 2024, three suppliers accounted for approximately 42% of the Company’s purchases. Substantially all of the Company’s business is with suppliers in the United States. |