Concentrations |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Risks and Uncertainties [Abstract] | |
| Concentrations | 11. Concentrations
Revenues from a limited number of customers have accounted for a substantial percentage of our total revenues. During the three months ended September 30, 2026 and 2025, our largest customer, the State of Michigan, which is reported in our Document Services segment, accounted for 30% and 38%, respectively, of our total revenues. During the nine months ended September 30, 2026 and 2025, our largest customer, the State of Michigan, accounted for 34% and 39%, respectively, of our total revenues.
For the three months ended September 30, 2026 and 2025, government contracts, including K-12 education, represented approximately 70% and 78%, respectively, of our net revenues. For the nine months ended September 30, 2026 and 2025, government contracts, including K-12 education, represented approximately 75% and 77%, respectively, of our net revenues. A significant portion of our sales to resellers represent ultimate sales to government or K-12 education.
As of September 30, 2026, accounts receivable concentrations from our two largest customers were 50% and 10% of our gross accounts receivable, respectively. As of December 31, 2025, accounts receivable concentration from our largest customer was 56% of our gross accounts receivable. |