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Note 12 - Significant Customers and Concentrations

3 Months Ended

Mar. 31, 2025

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
		Ended March 31,
		2025				2024
Customer A			44	%			22	%

* Zero or less than 10%

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

		March 31,				December 31,
		2025				2024
Customer A			16	%			20	%
Customer B			39	%			*	%

* Zero or less than 10%

As of March 31, 2025, approximately 93% of the Company’s assets were located in Denmark, 4% were located in China, and 3% were located in the U.S. As of December 31, 2024, approximately 86% of the Company’s assets were located in Denmark, 0% were located in China, and 14% were located in the U.S.

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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.

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