v3.26.1
Concentrations
6 Months Ended
Jun. 30, 2026
Risks and Uncertainties [Abstract]  
Concentrations

11. Concentrations

 

Revenues from a limited number of customers have accounted for a substantial percentage of our total revenues. During the three months ended June 30, 2026 and 2025, our largest customer, the State of Michigan, accounted for 32% and 37%, respectively, of our total revenues. During the six months ended June 30, 2026 and 2025, our largest customer, the State of Michigan, accounted for 36% and 40%, respectively, of our total revenues.

 

For the three months ended June 30, 2026 and 2025, government contracts, including K-12 education, represented approximately 76% and 78%, respectively, of our net revenues. For the six months ended June 30, 2026 and 2025, government contracts, including K-12 education, represented approximately 77% of our net revenues. A significant portion of our sales to resellers represent ultimate sales to government or K-12 education.

 

As of June 30, 2026 and December 31, 2025, accounts receivable concentrations from our largest customer were 52% and 56% of our gross accounts receivable, respectively.