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Note 12 - Significant Customers and Concentrations

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE 12 – SIGNIFICANT CUSTOMERS AND CONCENTRATIONS

The following table presents customers accounting for 10% or more of the Company’s revenue:

		For the Three Months								For the Six Months
		Ended June 30,								Ended June 30,
		2024				2023				2024				2023
Customer A			16	%			*	%			*	%			*	%
Customer B			10	%			*	%			*	%			*	%
Customer C			*	%			13	%			*	%			*	%
Customer D			*	%			*	%			11	%			*	%

* Zero or less than 10%

The following table presents customers accounting for 10% or more of the Company’s Accounts receivable:

		June 30, 2024				December 31, 2023
Customer D			20	%			22	%
Customer B			13	%			*	%
Customer E			*	%			13	%

* Zero or less than 10%

As of June 30, 2024, approximately 97% of the Company’s assets were located in Denmark, 1% were located in the U.S., and 2% were located in China. As of December 31, 2023, approximately 98% of the Company’s assets were located in Denmark, 0% were located in the U.S., and 2% were located in China.

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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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