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Revenue Sources and Concentration of Sales
 12 Months Ended
Dec. 31, 2021
Revenue Sources and Concentration of Sales [Abstract]  
Revenue Sources and Concentration of Sales

Note 19 – Revenue Sources and Concentration of Sales

 

The following table sets forth the Company’s sales resulting from various revenue sources for the periods indicated below:

 

 

Year Ended December 31,

 

 

2021

 

 

2020

 

Railcar sales

$

189,579

 

 

$

94,455

 

Parts sales

 

10,228

 

 

 

9,597

 

Leasing revenues

 

3,243

 

 

 

4,395

 

Total revenues

$

203,050

 

 

$

108,447

 

 

 

Due to the nature of its operations, the Company is subject to significant concentration of risks related to business with a few customers. Sales to the Company’s top three customers accounted for 46%, 12% and 8%, respectively, of revenues for the year ended December 31, 2021. Sales to the Company’s top three customers accounted for 44%, 21% and 12%, respectively, of revenues for the year ended December 31, 2020. The Company had no sales to customers outside the United States in 2021. The Company’s sales to customers outside the United States were $1,350 in 2020. As of December 31, 2021, 62% of the accounts receivable balance of $9,571 reported on the consolidated balance sheet was receivable from one customer. As of December 31, 2020, 48% of the accounts receivable balance of $9,421 reported on the consolidated balance sheet was receivable from one customer and 28% was receivable from a second customer.