Credit Risk and Concentrations |
6 Months Ended |
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Jun. 30, 2026 | |
| Risks and Uncertainties [Abstract] | |
| Credit Risk and Concentrations | NOTE 10 - Credit Risk and Concentrations
Financial instruments that subject the Company to credit risk consist principally of trade accounts receivable and cash and cash equivalents. The Company performs certain credit evaluation procedures and does not require collateral for financial instruments subject to credit risk. The Company believes that credit risk is limited because the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk of its customers, establishes an allowance for credit losses and, consequently, believes that its accounts receivable credit risk exposure beyond such allowances is limited.
The Company maintains cash deposits with financial institutions, which, from time to time, may exceed federally insured limits. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows. Cash is also maintained at foreign financial institutions for its Canadian, Philippine, and Australian subsidiaries. Cash in foreign financial institutions as of June 30, 2026 and June 30, 2025, was $331 thousand and $127 thousand, respectively.
The Company has not experienced any losses and believes it is not exposed to any significant credit risk from cash for the six months ended June 30, 2026 and June 30, 2025. However, any loss incurred or lack of access to such funds could have a significant impact on the Company’s financial condition, results of operations, and cash flows.
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