XML 37 R21.htm IDEA: XBRL DOCUMENT v3.25.1
Concentrations
12 Months Ended
Dec. 31, 2024
Risks and Uncertainties [Abstract]  
Concentrations

12. Concentrations

 

Revenues from a limited number of customers have accounted for a substantial percentage of our total revenues. During the years ended December 31, 2024 and 2023, our largest customer, the State of Michigan, accounted for 40% and 35%, respectively, of our total revenues for each period.

 

For the years ended December 31, 2024, and 2023, government contracts, including K-12 education, represented approximately 80% of our net revenues for each period. A significant portion of our sales to resellers represent ultimate sales to government agencies.

 

As of December 31, 2024, accounts receivable concentrations from our two largest customers were 58% and 6% of gross accounts receivable, respectively by customer. As of December 31, 2023, accounts receivable concentrations from our two largest customers were 62% and 3% of gross accounts receivable, respectively by customer. Accounts receivable balances from our two largest customers at December 31, 2024 have been partially collected.