CONCENTRATION OF CREDIT RISK |
6 Months Ended |
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Jun. 30, 2026 | |
| CONCENTRATION OF CREDIT RISK | |
| CONCENTRATION OF CREDIT RISK | NOTE 15. CONCENTRATION OF CREDIT RISK Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts and notes receivable from customers, primarily located in France, Japan and the United States. The Company maintains cash deposits with major banks. Management periodically assesses the financial condition of these institutions and believes that credit risk is limited. The Company has implemented procedures to monitor the creditworthiness of its customers. The Company obtains bank guarantees for first time or infrequent unknown customers, and in certain cases obtains insurance against the risk of a payment default by the customer. The Company reviewed individual customer balances considering current and historical loss experience and general economic conditions in determining the allowance for doubtful accounts receivable of $0.5 million and $0.5 million, as of June 30, 2026 and December 31, 2025, respectively. Actual losses may vary from the current estimates, and any adjustments are reported in earnings in the periods in which they become known. For the three months ended June 30, 2026 and for the year ended December 31, 2025, the Company did not generate more than 10% of its revenue from a single customer.
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