XML 34 R18.htm IDEA: XBRL DOCUMENT v3.25.3
GEOGRAPHIC INFORMATION AND CONCENTRATIONS
9 Months Ended
Sep. 30, 2025
Risks and Uncertainties [Abstract]  
GEOGRAPHIC INFORMATION AND CONCENTRATIONS GEOGRAPHIC INFORMATION AND CONCENTRATIONS
The Company and its wholly-owned subsidiary, Holdings, is headquartered in and substantially all of its operations, including its long-lived assets, are located in the United States. Geographical revenue information based on the location of the customer follows:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Net sales by country
Domestic$— $80,033 $54,480 $258,007 
International— 27,102 5,344 61,705 
Total$— $107,135 $59,824 $319,712 

The Company’s principal direct customers as of September 30, 2025 consist primarily of leading international and domestic banks and other credit card issuers primarily within the U.S., Europe, Asia, Latin America, Canada, and the Middle East. The Company periodically assesses the financial strength of these customers and establishes allowances for anticipated losses, if necessary.

Four customers individually accounted for more than 10% of the Company’s revenue, or 70.0% of total revenue, for the nine months ended September 30, 2025. Two customers individually accounted for more than 10% of the Company’s revenue, or 65.4% of total revenue, for the nine months ended September 30, 2024. Four customers individually accounted for 10% of total accounts receivable, or approximately 61%, as of December 31, 2024.

Three individual vendors accounted for more than 10% of purchases of supplies, or approximately 31% of total purchases, for the nine months ended September 30, 2025. One vendor accounted for more than 10% of purchases of supplies, or approximately 12% of total purchases, for the nine months ended September 30, 2024.