Concentrations of Risk

6 Months Ended

Jun. 30, 2026

Fair Value, Concentration of Risk, Financial Assets, Balance Sheet Groupings [Abstract]

Note 5. Concentrations of Risk

Customers

Customers that accounted for 10% or more of the Company’s revenues and outstanding balance of accounts receivable were as follows:


	For the Three Months Ended June 30,		For the Six Months Ended June 30,		As of	As of
	2026	2025	2026	2025	June 30, 2026	December 31, 2025
Distributor customer A	24%	22%	23%	22%	27%	16%

The Company’s customers that are distributors, as opposed to direct customers, represent highly diversified customer bases.

Suppliers

Suppliers that accounted for 10% or more of the Company’s inventory purchases and outstanding balance of accounts payable were as follows:


	For the Three Months Ended June 30,		For the Six Months Ended June 30,		As of	As of
	2026	2025	2026	2025	June 30, 2026	December 31, 2025
Distributor supplier A	29%	26%	31%	29%	15%	29%
Direct supplier A	21%	24%	24%	23%	14%	14%
Direct supplier B	*	13%	*	11%	*	*

* Represents less than 10%.

The Company’s suppliers that are distributors, as opposed to direct suppliers, represent highly diversified supplier bases.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

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+ Details