v3.26.1
Concentrations
3 Months Ended
Mar. 31, 2026
Concentrations  
Concentration

Note 4 – Concentrations

 

The following table details the Company’s revenue concentrations for the three months ended March 31, 2026, and 2025, and the accounts receivable concentrations at March 31, 2026, and December 31, 2025.

 

 

 

Revenues

 

 

Accounts Receivable

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Customer A

 

 

21%

 

 

20%

 

 

33%

 

 

12%

Customer B

 

 

13%

 

 

13%

 

*

 

 

*

 

Customer C

 

*

 

 

*

 

 

 

21%

 

 

19%

Customer D

 

*

 

 

*

 

 

*

 

 

 

12%

Customer E

 

*

 

 

*

 

 

*

 

 

 

14%

 

* = less than 10% 

 

Customer A is a related party (Note 5) who utilizes the Company for recycling of various goods and materials. The transactions are at arm's length and have standard sales rates and payment terms.

 

The following table details the Company’s accounts payable concentrations at March 31, 2026, and December 31, 2025.

 

 

 

Accounts Payable

 

 

 

2026

 

 

2025

 

Vendor A

 

 

53%

 

 

51%

 

Customer A and Vendor A is FAMC, a related party (Note 5). The Company is hired by FAMC for the recycling of various goods and materials. The sales transactions are at arm's length and have standard sales rates and payment terms. The Company purchases materials from FAMC and utilizes FAMC for recycling/disposal services as well as freight. The purchase transactions are at arm's length and have standard purchase rates and payment terms. Outstanding accounts receivable and accounts payable between the Company and FAMC may be periodically offset.