Concentrations |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Concentrations [Abstract] | |
| Concentrations |
Note 6 - Concentrations
Concentration of Credit Risk Arising From Cash Deposits in Excess of Insured Limits
The Company maintains a cash balance with a U.S. financial institution, in which the balance exceeds the FDIC insured limit of $250,000. As of June 30, 2026 and December 31, 2025, the Company’s cash balance held at the financial institution exceeded the FDIC limit. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.
Significant Customers
A significant customer is defined as a customer that accounts for 10% or more of the Company’s total revenue. For the three and six months ended June 30, 2026, two customers collectively accounted for 100% of total revenue. One customer represented approximately 60% and 61% of total revenue for the three and six months ended June 30, 2026, respectively, while the other customer represented approximately 40% and 39%, respectively. For the three months ended June 30, 2025, two customers accounted for approximately 81% and 15% of total revenue, respectively. For the six months ended June 30, 2025, the same two customers accounted for approximately 53% and 41% of total revenue, respectively.
As of June 30, 2026, the Company’s accounts receivable balance consisted of two customers. One customer accounted for approximately 95% of total accounts receivable and the other customer accounted for approximately 5%. As of December 31, 2025, the Company’s accounts receivable balance was concentrated among three customers. One customer accounted for approximately 98% of total accounts receivable. The Company monitors the creditworthiness of its customers on an ongoing basis and believes that its credit risk is limited due to the financial strength and payment history of these customers. Management does not expect any material losses from these receivable concentrations and has not recorded an allowance for credit losses, as all receivables are considered highly collectible.
As of June 30, 2026 and December 31, 2025, there was accounts receivable allowance for credit losses. There were credit losses for the three and six months ended June 30, 2026 and 2025. |