CUSTOMER AND SUPPLIER CONCENTRATION |
6 Months Ended |
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Jun. 30, 2026 | |
| Risks and Uncertainties [Abstract] | |
| CUSTOMER AND SUPPLIER CONCENTRATION | NOTE 12 — CUSTOMER AND SUPPLIER CONCENTRATION
Significant dealers and suppliers are those that account for greater than 10% of the Company’s revenues and purchases.
During the three months ended June 30, 2026, the Company had sales to five individual customers over 10% of total sales, which represented 24%, 23%, 23%, 22% and 16% of total sales. During the three months ended June 30, 2025, the Company had sales to one individual customers over 10% of total sales, which represented 94% of total sales.
During the six months ended June 30, 2026, the Company had sales to three individual customers over 10% of total sales, which represented 43%, 24% and 12% of total sales. During the six months ended June 30, 2025, the Company had sales to three individual customers over 10% of total sales, which represented 82%, 14% and 18% of total sales.
The Company is dependent on third-party manufacturers and distributors for certain materials utilized in the manufacturing process. During the three months ended June 30, 2026, the Company purchased 63% of raw materials from three vendors. During the three months ended June 30, 2025, the Company purchased 100% of raw materials from one vendor. The Company believes there are other suppliers that could be substituted should this supplier become unavailable or non-competitive.
During the six months ended June 30, 2026, the Company purchased 98% of raw materials from four vendors. During the six months ended June 30, 2025, the Company purchased 100% of raw materials from one vendor. The Company believes there are other suppliers that could be substituted should this supplier become unavailable or non-competitive.
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