v3.26.1
Major Customer and Geographic Information
6 Months Ended
Jun. 30, 2026
Major Customer And Geographic Information  
Major Customer and Geographic Information

Note 11. Major Customer and Geographic Information

 

The Company’s revenues, expressed as a percentage of total revenues, from non-affiliated customers that equaled 10% or more of the Company’s total revenues were:

                
  

Three Months ended

June 30,

  

Six Months ended

June 30,

 
   2026   2025   2026   2025 
Customer A   21%   58%   35%   54%
Customer B       24%       17%
Customer C               12%

 

The Company’s non-affiliate customers whose individual balances amounted to more than 10% of the Company’s net accounts receivable, expressed as a percentage of net accounts receivable, were:

         
   June 30,
2026
   December 31,
2025
 
Customer A   11%   0%
Customer B   56%   82%

 

The Company performs ongoing credit evaluations of its customers and generally does not require collateral. The Company also maintains allowances for potential credit losses. The loss of a major customer could have a material adverse effect on the Company’s business operations and financial condition.

 

The Company’s revenues by geographic region are as follows (in approximate amounts):

                 
  

Three Months ended

June 30,

  

Six Months ended

June 30,

 
   2026   2025   2026   2025 
North America  $676,000   $136,600   $759,000   $321,700 
South America           900     
Asia   262,600    210,200    546,600    482,400 
Australia   22,400    13,200    44,200    34,900 
   $961,000   $360,000   $1,350,700   $839,000