XML 26 R17.htm IDEA: XBRL DOCUMENT v3.24.3
CONCENTRATION OF CREDIT RISK
 9 Months Ended
Sep. 30, 2024
Risks and Uncertainties [Abstract]  
CONCENTRATION OF CREDIT RISK

NOTE 8 — CONCENTRATION OF CREDIT RISK

 

Revenues

 

Five customers accounted for 75% of revenues for the three months ended September 30, 2024 and two customers accounted for 59% of revenues for the nine months ended September 30, 2024, as set forth below:

 

          
   Three Months Ended
September 30,
2024		  

Nine Months Ended
September 30,

2024

 
Customer A   23%   48%
Customer B   18%   11%
Customer C   13%   - 
Customer D   11%   - 
Customer E   10%   - 

 

Three customers accounted for 70% and 55% of revenues for the three and nine months ended September 30, 2023, respectively as set forth below:

 

   Three Months Ended
September 30,
2023		   Nine Months Ended
September 30,
2023		 
Customer A   27%   24%
Customer B   23%   18%
Customer C   20%   13%

 

Accounts Receivable

 

Four customers accounted for 78% of accounts receivable at September 30, 2024, as set forth below:

 

Customer A   43%
Customer B   18%
Customer C   17%

 

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%