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

NOTE 14 – CONCENTRATION OF CREDIT RISK

 

We do not currently have any debt obligations with variable interest rates.

 

We had one customer during the three and six months ended June 30, 2026, and two customers during the three and six months ended June 30, 2025. OML was a customer in both periods, and CIC was an additional customer in 2025. Both are related parties (see Note 4 – Related Party Transactions) and accounted for 100% of our total revenue. These same customers accounted for 84% and 100.0% of the total accounts receivable balance as of June 30, 2026 and December 31, 2025, respectively.

 

As of both June 30, 2026 and December 31, 2025, the Company held cash in financial institutions that were over the federally insured limits. The Company has not incurred losses on these accounts.