v3.26.1
Major Customer and Geographic Information
3 Months Ended
Mar. 31, 2026
Major Customer And Geographic Information  
Major Customer and Geographic Information

Note 8. Major Customer and Geographic Information

 

The Company’s revenues, expressed as a percentage of total revenues, from non-affiliated customers that equaled 10% or more of the Company’s total revenues were:

        
  

Three Months ended

March 31

 
   2026   2025 
Customer A   68%   51%
Customer B   17%   12%
Customer C   0%   21%

  

The Company’s non-affiliate customers whose individual balances amounted to more than 10% of the Company’s net accounts receivable, expressed as a percentage of net accounts receivable, were:

        
   March 31
2026
   December 31
2025
 
Customer A   15%   0%
Customer B   72%   82%

 

The Company performs ongoing credit evaluations of its customers and generally does not require collateral. The Company also maintains allowances for potential credit losses. The loss of a major customer could have a material adverse effect on the Company’s business operations and financial condition.

 

The Company’s revenues by geographic region are as follows:

        
  

Three Months ended

March 31

 
   2026   2025 
North America  $83,100   $185,100 
South America   800     
Asia   284,000    272,200 
Australia   21,800    21,700 
   $389,700   $479,000