v3.26.1
Concentration of Credit Risk
 6 Months Ended
Jun. 30, 2026
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk

Note 7 - Concentration of Credit Risk

 

Concentration of credit risk with respect to trade accounts receivable is generally limited due to the large number of entities comprising the Company’s customer base. The Company performs ongoing credit evaluations and provides an allowance for potential credit losses against the portion of accounts receivable which is estimated to be uncollectible. Such losses have historically been within management’s expectations.   

 

During the three and six months ended June 30, 2026 and 2025, there were two customers whose purchases represented more than 10% of the Company’s consolidated net sales. Sales to these customers for the three and six months ended June 30, 2026 and 2025 are as follows:

 

   Three Months Ended   Three Months Ended 
   June 30, 2026   June 30, 2025 
Customer  Net Sales  

% of Net

Sales

   Net Sales  

% of Net

Sales

 
Customer A  $1,805,000    44%  $2,153,000    38%
Customer B  $1,536,000    37%  $2,456,000    44%

 

   Six Months Ended   Six Months Ended 
   June 30, 2026   June 30, 2025 
Customer  Net Sales  

% of Net

Sales

   Net Sales  

% of Net

Sales

 
Customer A  $4,183,000    41%  $5,244,000    50%
Customer B  $4,504,000    44%  $2,979,000    28%

 

As of June 30, 2026, the outstanding accounts receivable balance from these two customers was $3.2 million.