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MAJOR CUSTOMERS AND RELATED INFORMATION

3 Months Ended

Mar. 31, 2025

Risks and Uncertainties [Abstract]

MAJOR CUSTOMERS AND RELATED INFORMATION

15. MAJOR CUSTOMERS AND RELATED INFORMATION

For the three months ended March 31, 2025, revenue from three customers accounted for approximately 13%, 13% and 11% of revenue, respectively, with no other single customer accounting for more than 10% of total revenue. For the three months ended March 31, 2024, revenue from one distributor accounted for approximately 68% of revenues, with no other single customer accounting for more than 10% of total revenue.

At March 31, 2025, accounts receivable from two customers accounted for 15% and 15% of net accounts receivable with no other single customer accounting for more than 10% of the accounts receivable balance. At December 31, 2024, accounts receivable from one distributor accounted for 68% of net accounts receivable, with no other single customer accounting for more than 10% of the accounts receivable balance.

The following table summarizes revenue by geographic region. Revenue is attributed to countries based on customer’s delivery location:

 SCHEDULE OF DISAGGREGATION OF REVENUE 

		2025				2024
		For the Three Months
		Ended March 31,
		2025				2024
Americas		$	651			$	1,463
Europe, Middle East and Africa			114				6
Asia Pacific			-				7
Total revenues		$	765			$	1,476

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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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