Note D - Concentration of Risk |
12 Months Ended |
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Dec. 31, 2025 | |
| Notes to Financial Statements | |
| Concentration Risk Disclosure [Text Block] |
NOTE D—CONCENTRATION OF RISK
Financial instruments which potentially subject the Company to risk primarily consist of cash, and cash equivalents, investment in debt security, and accounts receivables.
The Company maintains its cash and cash equivalents with various financial institutions, which, at times may exceed insured limits. The exposure to the Company is solely dependent upon daily bank balances and the respective strength of the financial institutions. The Company was in excess of coverage at December 31, 2025 and 2024. The Company has not incurred any losses on these accounts.
The Company extends credit to customers on an unsecured basis in the normal course of business. The Company’s policy is to perform an analysis of the recoverability of its receivables at the end of each reporting period and to establish allowances where appropriate. The Company analyzes historical bad debts and contract losses, customer concentrations, and customer credit-worthiness when evaluating the adequacy of the allowances.
For the year ended December 31, 2025 , customers accounted for 26% of total revenue. For the year ended December 2024, customer accounted for 24% of total revenue.
At December 31, 2025, customers accounted for 43% of the total accounts receivable. At December 31, 2024, customers accounted for 36% of total accounts receivable.
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