XML 24 R15.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONCENTRATION OF CREDIT RISK
 6 Months Ended
Jun. 30, 2024
Risks and Uncertainties [Abstract]  
CONCENTRATION OF CREDIT RISK

NOTE 8 — CONCENTRATION OF CREDIT RISK

 

Revenues

 

Six customers accounted for 90% of revenues for the three months ended June 30, 2024, as set forth below:

 

Concentration of credit risk        
Customer A     25 %
Customer B     15 %
Customer C     14 %
Customer D     14 %
Customer E     11 %
Customer F     11 %

 

Two customers accounted for 67% of revenues for the six months ended June 30, 2024, as set forth below:

 

Customer A   56%
Customer B   11%

 

Three customers accounted for 65% and 54% of revenues for the three and six months ended June 30, 2023, respectively as set forth below:

 

   Three Months Ended
June 30,
2023		   Six Months Ended
June 30,
2023		 
Customer A - related party   29%   15%
Customer B   21%   23%
Customer C   15%   16%

 

Accounts Receivable

 

Four customers accounted for 84% of accounts receivable at June 30, 2024, as set forth below:

 

Customer A     35 %
Customer B     25 %
Customer C - related party     12 %
Customer D     12 %

 

Five customers accounted for 97% of accounts receivable at December 31, 2023.

 

Customer A - related party     39 %
Customer B     21 %
Customer C     15 %
Customer D     12 %
Customer E     10 %