CONCENTRATIONS OF RISKS AND SEGMENT |
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| Risks and Uncertainties [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CONCENTRATIONS OF RISKS AND SEGMENT | NOTE 10 CONCENTRATIONS OF RISKS AND SEGMENT
Major Customers and Accounts Receivable
The Company had no customers whose revenue individually represented 10% or more of the Company’s total revenue during the three-month periods ended March 31, 2026, and 2025. The Company had no customers with accounts receivable balances representing more than 10% on March 31, 2026, and March 31, 2025, and one and three third party payors representing 43% and 36% of the Company’s total accounts receivable on March 31, 2026, and 2025, respectively.
Liquidity
The Company’s cash and cash equivalents are held primarily with two financial institutions. The Company has deposits which exceed the amount insured by the FDIC. To reduce the risk associated with the failure of such counterparties, the Company periodically evaluates the credit quality of the financial institutions in which it holds deposits.
Product and Geographic Markets
The Company generates its income primarily from lighting and heating products, and increasingly, smart-based products sold primarily in the United States.
Segment and Expense Disaggregation
The Company operates in one segment: advanced-safe-smart technologies and related products. The Company used the following factors to identify its segment(s) includes the basis of organization and the relative similarities in types of product offerings. The chief operating decision maker consists of a team comprised of the Company’s Executive Chairman and its Chief Executive Officer. The total assets of the segments amount to the Company’s consolidated assets. Long-lived assets, which consists of property and equipment and right of use assets are located in the United States.
The Company has concluded that consolidated net income or loss is the measure of segment profitability. The following is a reconciliation of the Company’s revenues from external customers and consolidated revenues and the consolidated and segment loss, including significant disaggregated segment expenses.
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