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MAJOR CUSTOMERS AND VENDORS
 9 Months Ended
Sep. 30, 2025
Risks and Uncertainties [Abstract]  
MAJOR CUSTOMERS AND VENDORS

 

8. MAJOR CUSTOMERS AND VENDORS

 

During the nine months ended September 30, 2025, our four largest customers accounted for 37%, 19%, 13% and 13% of revenue. During the nine months ended September 30, 2024, our four largest customers accounted for 35%, 24%, 12%, and 12% of revenue. During the three months ended September 30, 2025, our three largest customers accounted for 46%, 13% and 12% of revenue. During the three months ended September 30, 2024, our three largest customers accounted for 40%, 23% and 11% of revenue

 

At September 30, 2025, 54%, 13% and 11% of our accounts receivable were from three of our largest customers. At December 31, 2024, 21%, 18%, 16%, 12%, 12%, and 12% of accounts receivable were due from our six largest customers. 

 

At September 30, 2025, 39%, 26%, and 19% of our contract assets were from three of our largest customers. At December 31, 2024, 27%, 20%, 16% and 15% of our contract assets were related to our four largest customers.

 

At September 30, 2025 12% of our accounts payable was from one of our largest vendors. At December 31, 2024, 13%, 12%, 11%, and 11% of our accounts payable was from our top 4 largest vendors.