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Note 13 - Significant Customers / Concentrations

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE 13 - SIGNIFICANT CUSTOMERS / CONCENTRATION

The Company did not have any customers accounting for 10% or more of net sales in the reported periods. As a result, there is no significant customer concentration that would materially impact the Company's financial position or results of operations.

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

		December 31,				December 31,
		2024				2023
Customer A			20	%			22	%
Customer B			*	%			13	%

* Zero or less than 10%

As of December 31, 2024, approximately 86% of the Company’s assets were located in Denmark, 14% were located in the U.S., and 0% 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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