REVENUE |
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| REVENUE | 10. REVENUE All of our operating revenue is generated from contracts with customers. Our primary source of revenue is generated from sales of towing and recovery equipment. Because our product lines have substantially similar characteristics, the Company has identified one operating segment regularly reviewed to assess performance and allocate resources. Alternatively, the Company uses a geographic approach to track revenues by geographic regions. Net revenues by geographic region are as follows:
Concentrations of Credit Risk Financial instruments that potentially expose us to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. As of June 30, 2026 and December 31, 2025, the Company had cash deposited net of outstanding checks of $55.6 million and $44.7 million, respectively, held in multiple high-credit quality financial institutions. We attempt to limit our credit risk associated with accounts receivable by performing ongoing credit evaluations of our customers and maintaining adequate allowances for potential credit losses. No single customer accounted for more than 10% of the Company’s total revenues for the three or the six months ended June 30, 2026 or the comparable periods in 2025. As of June 30, 2026, and December 31, 2025, no single customer accounted for more than 10% of the Company’s total trade receivable. |
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