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Note 3 - Significant Customers and Concentration of Risks

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

3. SIGNIFICANT CUSTOMERS AND CONCENTRATION OF RISKS

Significant Customers

A material part of the Company’s business is dependent on a few customers, the loss of which could have a material adverse effect on the Company. The tables below present customers representing greater than 10% of total revenues and/or outstanding accounts receivable as of and for the years ended December 31, 2023 and 2022 (in thousands):

		For the Year Ended December 31,
Revenue		2023				%				2022				%
Customer 1		$	13,514				18.5	%		$	17,288				17.5	%
Customer 2			4,552				6.2	%			10,765				10.9	%
		$	18,066				24.7	%		$	28,053				28.4	%

		At December 31,
Accounts Receivable		2023				%				2022				%
Customer 1		$	1,120				14.4	%		$	968				5.9	%
Customer 2			—				—	%			5,855				35.9	%
Customer 3			756				9.8	%			—				—	%
Customer 4			589				7.6	%			1,048				13.5	%
Customer 5			—				—	%			1,953				12.0	%
		$	2,465				31.8	%		$	9,824				60.2	%

No other customer represented more than 10% of the Company’s total revenue for the years ended December 31, 2023 and 2022.

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- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//275/tableOfContent

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- References

No definition available.

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