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CONCENTRATIONS OF RISKS
3 Months Ended
Mar. 31, 2024
Risks and Uncertainties [Abstract]  
CONCENTRATIONS OF RISKS

NOTE 11 CONCENTRATIONS OF RISKS

 

Major Customers and Accounts Receivable

 

The Company had no customers whose revenue individually represented 10% or more of the Company’s total revenue during the three months ended March 31, 2024 and 2023. The Company had one third-party payor accounts receivable balance representing 24% of the Company’s total accounts receivable at March 31, 2024 and none at March 31, 2023.

 

Liquidity

 

The Company’s cash and cash equivalents are held primarily with two financial institutions. The Company has deposits which exceed the amount insured by the FDIC. To reduce the risk associated with the failure of such counterparties, the Company periodically evaluates the credit quality of the financial institutions in which it holds deposits.

 

Product and Geographic Markets

 

The Company generates its income primarily from lighting and heating products sold primarily in the United States.